Post Utme Ims U 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Ims U Economics examination.

Post Utme Ims U 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_IMS_U • 2018 • ECONOMICS • objective

A firm's demand function is \( Q = 100 - 2P \) and its supply function is \( Q = 2P - 20 \). If the market is in equilibrium, what is the quantity at which this occurs?

Answer Options

A. 50 units
Correct Answer B. 75 units
C. 100 units
D. 125 units
Correct Answer
B
Correct Option:
75 units

About This Question

This is Post Utme Ims U 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Ims U Economics examination.

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