Post Utme Ksu 2020 Economics Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice
Question 6 POST_UTME_KSU • 2020 • ECONOMICS • objective

The demand curve for a commodity is given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. The supply curve is given by Qs = 2P - 100, where Qs is the quantity supplied. Find the equilibrium price and quantity.

Answer Options

A. ₦50, 200 units
B. ₦75, 150 units
Correct Answer C. ₦100, 100 units
D. ₦125, 50 units
Correct Answer
C
Correct Option:
₦100, 100 units

About This Question

This is Post Utme Ksu 2020 Economics Question 6. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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