Post Utme Osustech 2020 Economics Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Osustech Economics examination.

Post Utme Osustech 2020 Economics Objective / Multiple Choice
Question 26 POST_UTME_OSUSTECH • 2020 • ECONOMICS • objective

A firm's demand function is given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the firm's supply function is Qs = 2P - 50, what is the equilibrium price?

Answer Options

A. ₦25
Correct Answer B. ₦50
C. ₦75
D. ₦100
Correct Answer
B
Correct Option:
₦50

About This Question

This is Post Utme Osustech 2020 Economics Question 26. It is one of the objective questions from the 2020 Post Utme Osustech Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support