Post Utme Osustech 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's supply function is given by Q = 50 + 3P, what is the equilibrium price?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Osustech 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

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