Post Utme Lasu 2023 Economics Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Lasu Economics examination.

Post Utme Lasu 2023 Economics Objective / Multiple Choice
Question 37 POST_UTME_LASU • 2023 • ECONOMICS • objective

The demand function for a product is given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. The supply function is given by Qs = 2P - 100. If the market is in equilibrium, what is the price of the product?

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Lasu 2023 Economics Question 37. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.

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