Post Utme Lautech 2025 Economics Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Lautech Economics examination.

Post Utme Lautech 2025 Economics Objective / Multiple Choice

Question 6 POST_UTME_LAUTECH • 2025 • ECONOMICS • objective

A firm operates in a perfectly competitive market with a demand curve given by Q = 100 - 2P and a supply curve given by Q = 10 + 3P. What is the equilibrium price and quantity?

Answer Options

A. P = 20, Q = 60

Correct Answer B. P = 30, Q = 40

C. P = 40, Q = 20

D. P = 50, Q = 10

Correct Answer

Correct Option:

P = 30, Q = 40

About This Question

This is Post Utme Lautech 2025 Economics Question 6. It is one of the objective questions from the 2025 Post Utme Lautech Economics examination.

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