Post Utme Rsu 2017 Economics Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Rsu Economics examination.

Post Utme Rsu 2017 Economics Objective / Multiple Choice
Question 31 POST_UTME_RSU • 2017 • ECONOMICS • objective

Suppose the demand function for a product is given by Qd = 100 - 2P and the supply function is given by Qs = 2P - 10. If the market is in equilibrium, what is the price of the product?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Rsu 2017 Economics Question 31. It is one of the objective questions from the 2017 Post Utme Rsu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support