Post Utme Rhema University 2018 Commerce Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2018 Commerce Objective / Multiple Choice
Question 34 POST_UTME_RHEMA_UNIVERSITY • 2018 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's supply function is given by Q = 2P, what is the equilibrium price and quantity?

Answer Options

Correct Answer A. (₦50, 75)
B. (₦75, 50)
C. (₦100, 25)
D. (₦25, 100)
Correct Answer
A
Correct Option:
(₦50, 75)

About This Question

This is Post Utme Rhema University 2018 Commerce Question 34. It is one of the objective questions from the 2018 Post Utme Rhema University Commerce examination.

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