Post Utme Ims U 2020 Economics Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Ims U Economics examination.

Post Utme Ims U 2020 Economics Objective / Multiple Choice
Question 30 POST_UTME_IMS_U • 2020 • ECONOMICS • objective

Suppose the demand for a product is given by Qd = 100 - 2P and the supply is given by Qs = 2P - 10. If the market is in equilibrium, what is the price of the product?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Ims U 2020 Economics Question 30. It is one of the objective questions from the 2020 Post Utme Ims U Economics examination.

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