Post Utme Rsu 2023 Economics Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice
Question 38 POST_UTME_RSU • 2023 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Rsu 2023 Economics Question 38. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

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