Post Utme Ksu 2019 Economics Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Ksu Economics examination.

Post Utme Ksu 2019 Economics Objective / Multiple Choice
Question 16 POST_UTME_KSU • 2019 • ECONOMICS • objective

Suppose a firm's demand function is given by Q = 100 - 2P and its supply function is given by Q = 2P + 10. Find the equilibrium price and quantity u\sing the supply and demand model.

Answer Options

A. ₦50, 50 units
Correct Answer B. ₦75, 25 units
C. ₦100, 0 units
D. ₦125, 100 units
Correct Answer
B
Correct Option:
₦75, 25 units

About This Question

This is Post Utme Ksu 2019 Economics Question 16. It is one of the objective questions from the 2019 Post Utme Ksu Economics examination.

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