Post Utme Madonna University 2023 Economics Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2023 Economics Objective / Multiple Choice
Question 26 POST_UTME_MADONNA_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P, and the supply curve is given by Q = 2P - 100. Find the equilibrium price and quantity.

Answer Options

A. ₦50, 150
Correct Answer B. ₦75, 125
C. ₦100, 100
D. ₦125, 75
Correct Answer
B
Correct Option:
₦75, 125

About This Question

This is Post Utme Madonna University 2023 Economics Question 26. It is one of the objective questions from the 2023 Post Utme Madonna University Economics examination.

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