Post Utme Osustech 2017 Economics Question 16
Practice objective / multiple choice question 16 from the 2017 Post Utme Osustech Economics examination.
The demand for a commodity is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. The supply of the commodity is given by the equation Qs = 2P - 100, where Qs is the quantity supplied. If the equilibrium price is 50, what is the equilibrium quantity?
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About This Question
This is Post Utme Osustech 2017 Economics Question 16. It is one of the objective questions from the 2017 Post Utme Osustech Economics examination.
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