Post Utme Rsu 2020 Economics Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Rsu Economics examination.

Post Utme Rsu 2020 Economics Objective / Multiple Choice
Question 10 POST_UTME_RSU • 2020 • ECONOMICS • objective

A firm faces a demand curve given by \( Q = 100 - 2P \) and a supply curve given by \( Q = 2P - 100 \). Find the equilibrium price and quantity.

Answer Options

Correct Answer A. \( P = 50, Q = 50 \)
B. \( P = 75, Q = 25 \)
C. \( P = 25, Q = 75 \)
D. \( P = 100, Q = 0 \)
Correct Answer
A
Correct Option:
\( P = 50, Q = 50 \)

About This Question

This is Post Utme Rsu 2020 Economics Question 10. It is one of the objective questions from the 2020 Post Utme Rsu Economics examination.

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