Post Utme Nile University 2022 Economics Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Nile University Economics examination.

Post Utme Nile University 2022 Economics Objective / Multiple Choice
Question 22 POST_UTME_NILE_UNIVERSITY • 2022 • ECONOMICS • objective

The demand function for a product is given by p = 100 - 2q, where p is the price and q is the quantity demanded. If the supply function is given by p = 2q + 10, find the equilibrium price and quantity.

Answer Options

Correct Answer A. (20, 30)
B. (30, 20)
C. (40, 15)
D. (50, 10)
Correct Answer
A
Correct Option:
(20, 30)

About This Question

This is Post Utme Nile University 2022 Economics Question 22. It is one of the objective questions from the 2022 Post Utme Nile University Economics examination.

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