Post Utme Noun 2025 Economics Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Noun Economics examination.

Post Utme Noun 2025 Economics Objective / Multiple Choice
Question 11 POST_UTME_NOUN • 2025 • ECONOMICS • objective

Determine the equilibrium price and quantity of wheat in the Nigerian market, given the following supply and demand equations:\n\nSupply: Qs = 100 + 2P\nDemand: Qd = 150 - 3P\n\nAssume the initial price is ₦100.

Answer Options

A. ₦120, 120 units
Correct Answer B. ₦150, 150 units
C. ₦180, 180 units
D. ₦200, 200 units
Correct Answer
B
Correct Option:
₦150, 150 units

About This Question

This is Post Utme Noun 2025 Economics Question 11. It is one of the objective questions from the 2025 Post Utme Noun Economics examination.

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