Post Utme Lead City University 2024 Economics Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2024 Economics Objective / Multiple Choice
Question 8 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A perfectly competitive market has a demand curve given by D(p) = 100 - 2p and a supply curve given by S(p) = 2p - 10. What is the equilibrium 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 Lead City University 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Lead City University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support