Post Utme Rsu 2019 Economics Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Rsu Economics examination.

Post Utme Rsu 2019 Economics Objective / Multiple Choice
Question 1 POST_UTME_RSU • 2019 • ECONOMICS • objective

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

Answer Options

A. ₦50, 50 units
B. ₦75, 25 units
Correct Answer C. ₦100, 0 units
D. ₦125, 50 units
Correct Answer
C
Correct Option:
₦100, 0 units

About This Question

This is Post Utme Rsu 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Rsu Economics examination.

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