Post Utme Skyline University 2022 Commerce Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2022 Commerce Objective / Multiple Choice
Question 28 POST_UTME_SKYLINE_UNIVERSITY • 2022 • COMMERCE • objective

A product has a demand function of Q = 100 - 2P and a supply function of Q = 2P - 10. What is the equilibrium price?

Answer Options

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

About This Question

This is Post Utme Skyline University 2022 Commerce Question 28. It is one of the objective questions from the 2022 Post Utme Skyline University Commerce examination.

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