Post Utme Ims U 2022 Economics Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Ims U Economics examination.

Post Utme Ims U 2022 Economics Objective / Multiple Choice
Question 39 POST_UTME_IMS_U • 2022 • ECONOMICS • objective

A firm's demand function is Q = 100 - 2P, where Q is quantity and P is price. If the firm's supply function is Q = 2P - 100, what is the firm's equilibrium price and quantity?

Answer Options

Correct Answer A. (₦50, 75)
B. (₦75, 50)
C. (₦100, 25)
D. (₦25, 100)
Correct Answer
A
Correct Option:
(₦50, 75)

About This Question

This is Post Utme Ims U 2022 Economics Question 39. It is one of the objective questions from the 2022 Post Utme Ims U Economics examination.

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