Post Utme Madonna University 2025 Economics Question 6

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

Post Utme Madonna University 2025 Economics Objective / Multiple Choice

Question 6 POST_UTME_MADONNA_UNIVERSITY • 2025 • ECONOMICS • objective

Determine the equilibrium price and quantity of a perfectly competitive market, given the following supply and demand equations:\n\nSupply: Qs = 100 + 2P\nDemand: Qd = 200 - 3P

Answer Options

Correct Answer A. \( P = 10, Q = 150 \)

B. \( P = 20, Q = 100 \)

C. \( P = 30, Q = 50 \)

D. \( P = 40, Q = 0 \)

Correct Answer

Correct Option:

\( P = 10, Q = 150 \)

About This Question

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

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