Post Utme Mountain Top University 2018 Economics Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2018 Economics Objective / Multiple Choice
Question 24 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ECONOMICS • objective

The demand curve for a product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price is $20, what is the quantity demanded?

Answer Options

A. 50
Correct Answer B. 60
C. 70
D. 80
Correct Answer
B
Correct Option:
60

About This Question

This is Post Utme Mountain Top University 2018 Economics Question 24. It is one of the objective questions from the 2018 Post Utme Mountain Top 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