Post Utme Pan Atlantic University 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2017 Economics Objective / Multiple Choice
Question 29 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ECONOMICS • objective

A country's demand for a good is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the country's supply of the good is given by the equation Qs = 2P - 50, what is the equilibrium price?

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Pan Atlantic University 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Economics examination.

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