Post Utme Lautech 2025 Economics Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Lautech Economics examination.

Post Utme Lautech 2025 Economics Objective / Multiple Choice
Question 23 POST_UTME_LAUTECH • 2025 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the firm's supply curve is given by the equation Qs = 2P - 100, what is the equilibrium price?

Answer Options

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

About This Question

This is Post Utme Lautech 2025 Economics Question 23. It is one of the objective questions from the 2025 Post Utme Lautech Economics examination.

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