Post Utme Nile University 2023 Economics Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Nile University Economics examination.

Post Utme Nile University 2023 Economics Objective / Multiple Choice
Question 14 POST_UTME_NILE_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's demand function is given by \( Q = 100 - 2P \). If the firm's supply function is given by \( Q = 2P - 10 \), what is the equilibrium price?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Nile University 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Nile University Economics examination.

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