Post Utme Skyline University 2021 Economics Question 43

Practice objective / multiple choice question 43 from the 2021 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2021 Economics Objective / Multiple Choice
Question 43 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's demand function is given by Qd = 100 - 2P + 5Y. If the firm's supply function is Qs = 20 + 3P - 2Y, what is the equilibrium price?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Skyline University 2021 Economics Question 43. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.

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