Post Utme Oau 2017 Economics Question 34
Practice objective / multiple choice question 34 from the 2017 Post Utme Oau Economics examination.
The government of Nigeria has introduced a new policy to increase agricultural production. The policy includes subsidies for fertilizers and seeds. If the demand for fertilizers is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price, and the supply of fertilizers is given by the equation Qs = 50 + 2P, where Qs is the quantity supplied and P is the price, what is the equilibrium price?
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About This Question
This is Post Utme Oau 2017 Economics Question 34. It is one of the objective questions from the 2017 Post Utme Oau Economics examination.
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