Post Utme Nile University 2017 Economics Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Nile University Economics examination.

Post Utme Nile University 2017 Economics Objective / Multiple Choice
Question 35 POST_UTME_NILE_UNIVERSITY • 2017 • ECONOMICS • objective

Consider a firm with a demand function Q = 100 - 2P and a supply function Q = 2P - 100. If the equilibrium price is ₦50, calculate the equilibrium quantity.

Answer Options

A. 100
Correct Answer B. 200
C. 300
D. 400
Correct Answer
B
Correct Option:
200

About This Question

This is Post Utme Nile University 2017 Economics Question 35. It is one of the objective questions from the 2017 Post Utme Nile University Economics examination.

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