Post Utme Pan Atlantic University 2017 Economics Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2017 Economics Objective / Multiple Choice
Question 31 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ECONOMICS • objective

Suppose the demand curve for a product is given by Qd = 100 - 2P and the supply curve is given by Qs = 2P - 10. If the equilibrium price is P = 20, what is the equilibrium quantity?

Answer Options

A. 40
Correct Answer B. 60
C. 80
D. 100
Correct Answer
B
Correct Option:
60

About This Question

This is Post Utme Pan Atlantic University 2017 Economics Question 31. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Economics examination.

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