Post Utme Ksu 2019 Economics Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Ksu Economics examination.

Post Utme Ksu 2019 Economics Objective / Multiple Choice
Question 10 POST_UTME_KSU • 2019 • ECONOMICS • objective

The Nigerian government is considering a policy to increase industrial production. The policy involves providing subsidies to industries. If the demand for industrial products is given by Q = 100 - 2P and the supply function is Q = 2P + 10, find the price and quantity of industrial products after the policy is implemented.

Answer Options

A. P = 20, Q = 40
B. P = 30, Q = 50
Correct Answer C. P = 40, Q = 60
D. P = 50, Q = 70
Correct Answer
C
Correct Option:
P = 40, Q = 60

About This Question

This is Post Utme Ksu 2019 Economics Question 10. It is one of the objective questions from the 2019 Post Utme Ksu Economics examination.

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