Post Utme Ksu 2018 Economics Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Ksu Economics examination.

Post Utme Ksu 2018 Economics Objective / Multiple Choice

Question 10 POST_UTME_KSU • 2018 • ECONOMICS • objective

A perfectly competitive market has a demand curve given by P = 100 - 2Q and a supply curve given by P = 10 + 2Q. What is the equilibrium price and quantity?

Correct Answer A. P = $80, Q = 20

B. P = $90, Q = 25

C. P = $100, Q = 30

D. P = $110, Q = 35

Correct Answer

Correct Option:

P = $80, Q = 20

This is Post Utme Ksu 2018 Economics Question 10. It is one of the objective questions from the 2018 Post Utme Ksu Economics examination.

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