Post Utme Oau 2024 Economics Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Oau Economics examination.

Post Utme Oau 2024 Economics Objective / Multiple Choice

Question 25 POST_UTME_OAU • 2024 • ECONOMICS • objective

A perfectly competitive market has a supply curve given by Q = 2P - 100. If the demand curve is given by Q = 200 - 3P, what is the equilibrium price and quantity?

A. P = 50, Q = 100

Correct Answer B. P = 75, Q = 150

C. P = 100, Q = 200

D. P = 125, Q = 250

Correct Answer

Correct Option:

P = 75, Q = 150

This is Post Utme Oau 2024 Economics Question 25. It is one of the objective questions from the 2024 Post Utme Oau Economics examination.

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