Post Utme Pan Atlantic University 2019 Economics Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2019 Economics Objective / Multiple Choice
Question 31 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's demand curve for a product is given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. The supply curve is given by Qs = 2P - 100. Find the equilibrium price and quantity.

Answer Options

A. ₦50, 150 units
Correct Answer B. ₦75, 100 units
C. ₦25, 200 units
D. ₦100, 50 units
Correct Answer
B
Correct Option:
₦75, 100 units

About This Question

This is Post Utme Pan Atlantic University 2019 Economics Question 31. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Economics examination.

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