Post Utme Ksu 2025 Economics Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Ksu Economics examination.

Post Utme Ksu 2025 Economics Objective / Multiple Choice
Question 19 POST_UTME_KSU • 2025 • ECONOMICS • objective

A firm's demand function is given by \( Q = 100 - 2P \). If the firm's supply function is \( Q = 2P - 10 \), what is the equilibrium price and quantity?

Answer Options

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

About This Question

This is Post Utme Ksu 2025 Economics Question 19. It is one of the objective questions from the 2025 Post Utme Ksu Economics examination.

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