Post Utme Skyline University 2021 Economics Question 47

Practice objective / multiple choice question 47 from the 2021 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2021 Economics Objective / Multiple Choice
Question 47 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 quantity?

Answer Options

A. 100 units
B. 200 units
Correct Answer C. 300 units
D. 400 units
Correct Answer
C
Correct Option:
300 units

About This Question

This is Post Utme Skyline University 2021 Economics Question 47. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.

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