Post Utme Redeemers University 2018 Economics Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2018 Economics Objective / Multiple Choice
Question 16 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's demand curve is given by Qd = 100 - 2P, and the supply curve is given by Qs = 2P - 10. Find the equilibrium price and quantity.

Answer Options

A. P = 20, Q = 30
Correct Answer B. P = 15, Q = 25
C. P = 10, Q = 20
D. P = 5, Q = 15
Correct Answer
B
Correct Option:
P = 15, Q = 25

About This Question

This is Post Utme Redeemers University 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Redeemers University Economics examination.

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