Post Utme Lasu 2025 Economics Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Lasu Economics examination.

Post Utme Lasu 2025 Economics Objective / Multiple Choice
Question 21 POST_UTME_LASU • 2025 • ECONOMICS • objective

Consider a perfectly competitive market with an inverse demand function of the form \( p = 100 - 2q \). If the market equilibrium price is $80, what is the quantity demanded at that price?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Lasu 2025 Economics Question 21. It is one of the objective questions from the 2025 Post Utme Lasu Economics examination.

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