Post Utme Oau 2022 Economics Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Oau Economics examination.

Post Utme Oau 2022 Economics Objective / Multiple Choice

Question 24 POST_UTME_OAU • 2022 • ECONOMICS • objective

A firm's supply function is given by Q = 2P + 10. If the demand function is given by Q = 100 - 2P, find the equilibrium price and quantity.

A. P = 20, Q = 30

B. P = 30, Q = 40

Correct Answer C. P = 40, Q = 50

D. P = 50, Q = 60

Correct Answer

Correct Option:

P = 40, Q = 50

This is Post Utme Oau 2022 Economics Question 24. It is one of the objective questions from the 2022 Post Utme Oau Economics examination.

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