Post Utme Lasu 2023 Economics Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Lasu Economics examination.

Post Utme Lasu 2023 Economics Objective / Multiple Choice
Question 40 POST_UTME_LASU • 2023 • ECONOMICS • objective

The demand function for a product is given by Qd = 150 - 3P, where Qd is the quantity demanded and P is the price. The supply function is given by Qs = 3P - 150. If the market is in equilibrium, what is the quantity demanded?

Answer Options

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

About This Question

This is Post Utme Lasu 2023 Economics Question 40. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.

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