Post Utme Lead City University 2020 Economics Question 44

Practice objective / multiple choice question 44 from the 2020 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2020 Economics Objective / Multiple Choice
Question 44 POST_UTME_LEAD_CITY_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's demand curve is given by Qd = 100 - 2P, and the supply curve is given by Qs = 2P - 50. If the price is initially set at 25, what will be the equilibrium quantity?

Answer Options

A. 25
Correct Answer B. 50
C. 75
D. 100
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Lead City University 2020 Economics Question 44. It is one of the objective questions from the 2020 Post Utme Lead City University Economics examination.

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