Post Utme Madonna University 2025 Economics Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2025 Economics Objective / Multiple Choice
Question 9 POST_UTME_MADONNA_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's demand curve is given by Qd = 100 - 2P, and its supply curve is given by Qs = 50 + 3P. Find the equilibrium price and quantity.

Answer Options

A. \( P = 20, Q = 80 \)
B. \( P = 30, Q = 70 \)
Correct Answer C. \( P = 40, Q = 60 \)
D. \( P = 50, Q = 50 \)
Correct Answer
C
Correct Option:
\( P = 40, Q = 60 \)

About This Question

This is Post Utme Madonna University 2025 Economics Question 9. It is one of the objective questions from the 2025 Post Utme Madonna University Economics examination.

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