Post Utme Noun 2020 Economics Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice
Question 16 POST_UTME_NOUN • 2020 • ECONOMICS • objective

Suppose the demand function for a commodity is given by \( Q^d = 100 - 2P \) and the supply function is given by \( Q^s = 2P - 10 \). Find the equilibrium price and quantity u\sing the diagram below.

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Noun 2020 Economics Question 16. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

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