Post Utme Redeemers University 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2018 Economics Objective / Multiple Choice
Question 22 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ECONOMICS • objective
Post Utme Redeemers University 2018 Economics Question 22 diagram

The following diagram shows the supply and demand curves for a particular good. What is the equilibrium price and quantity of the good?

Answer Options

A. Price = ₦100, Quantity = 100 units
Correct Answer B. Price = ₦150, Quantity = 50 units
C. Price = ₦200, Quantity = 200 units
D. Price = ₦250, Quantity = 250 units
Correct Answer
B
Correct Option:
Price = ₦150, Quantity = 50 units

About This Question

This is Post Utme Redeemers University 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Redeemers University Economics examination.

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