Post Utme Ksu 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Ksu Economics examination.

Post Utme Ksu 2019 Economics Objective / Multiple Choice

Question 8 POST_UTME_KSU • 2019 • ECONOMICS • objective

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

A. P = 20, Q = 40

B. P = 30, Q = 50

Correct Answer C. P = 40, Q = 60

D. P = 50, Q = 70

Correct Answer

Correct Option:

P = 40, Q = 60

This is Post Utme Ksu 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Ksu Economics examination.

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