Post Utme Rsu 2019 Economics Question 9

Practice objective / multiple choice question 9 from the 2019 Post Utme Rsu Economics examination.

Post Utme Rsu 2019 Economics Objective / Multiple Choice

Question 9 POST_UTME_RSU • 2019 • ECONOMICS • objective

The demand for a good is represented by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. What is the equilibrium price and quantity?

A. P = 25, Q = 50

Correct Answer B. P = 50, Q = 25

C. P = 75, Q = 10

D. P = 10, Q = 75

Correct Answer

Correct Option:

P = 50, Q = 25

This is Post Utme Rsu 2019 Economics Question 9. It is one of the objective questions from the 2019 Post Utme Rsu Economics examination.

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