Post Utme Pan Atlantic University 2022 Government Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Pan Atlantic University Government examination.

Post Utme Pan Atlantic University 2022 Government Objective / Multiple Choice
Question 5 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • GOVERNMENT • objective

The following diagram shows a simple economic graph. If the demand curve is represented by the equation Qd = 100 - 2P and the supply curve is represented by the equation Qs = 2P - 100, what is the expected equilibrium price?

Answer Options

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

About This Question

This is Post Utme Pan Atlantic University 2022 Government Question 5. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Government examination.

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