Post Utme Redeemers University 2018 Economics Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2018 Economics Objective / Multiple Choice
Question 11 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. The supply curve is given by Q = 2P + 10. Find the equilibrium price and quantity.

Answer Options

A. ₦50, 60
Correct Answer B. ₦40, 70
C. ₦30, 80
D. ₦20, 90
Correct Answer
B
Correct Option:
₦40, 70

About This Question

This is Post Utme Redeemers University 2018 Economics Question 11. It is one of the objective questions from the 2018 Post Utme Redeemers University Economics examination.

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