Post Utme Rhema University 2021 Economics Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2021 Economics Objective / Multiple Choice
Question 24 POST_UTME_RHEMA_UNIVERSITY • 2021 • ECONOMICS • objective

Determine the equilibrium price and quantity of a commodity in a market where the demand function is Qd = 100 - 2P and the supply function is Qs = 2P - 10.

Answer Options

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

About This Question

This is Post Utme Rhema University 2021 Economics Question 24. It is one of the objective questions from the 2021 Post Utme Rhema University Economics examination.

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