Post Utme Rsu 2019 Commerce Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Rsu Commerce examination.

Post Utme Rsu 2019 Commerce Objective / Multiple Choice

Question 35 POST_UTME_RSU • 2019 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's supply function is given by Q = 2P - 50, find the equilibrium price and quantity.

A. P = 25, Q = 50

Correct Answer B. P = 50, Q = 100

C. P = 75, Q = 150

D. P = 100, Q = 200

Correct Answer

Correct Option:

P = 50, Q = 100

This is Post Utme Rsu 2019 Commerce Question 35. It is one of the objective questions from the 2019 Post Utme Rsu Commerce examination.

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