Post Utme Redeemers University 2022 Economics Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2022 Economics Objective / Multiple Choice
Question 24 POST_UTME_REDEEMERS_UNIVERSITY • 2022 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a demand curve of Q = 100 - 2P and a supply curve of Q = 50 + 3P. What is the equilibrium price?

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Redeemers University 2022 Economics Question 24. It is one of the objective questions from the 2022 Post Utme Redeemers University Economics examination.

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