Post Utme Noun 2025 Economics Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Noun Economics examination.

Post Utme Noun 2025 Economics Objective / Multiple Choice

Question 7 POST_UTME_NOUN • 2025 • ECONOMICS • objective

Suppose the demand for a product is given by \( Q_d = 100 - 2P \) and the supply is given by \( Q_s = 2P - 10 \). If the market is in equilibrium, what is the price of the product?

A. \( P = 20 \)

Correct Answer B. \( P = 15 \)

C. \( P = 30 \)

D. \( P = 25 \)

Correct Answer

Correct Option:

\( P = 15 \)

This is Post Utme Noun 2025 Economics Question 7. It is one of the objective questions from the 2025 Post Utme Noun Economics examination.

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