Post Utme Skyline University 2023 Economics Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2023 Economics Objective / Multiple Choice
Question 29 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ECONOMICS • objective

The demand for a product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the supply of the product is given by the equation Qs = 2P + 5, where Qs is the quantity supplied, find the equilibrium price and quantity.

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Skyline University 2023 Economics Question 29. It is one of the objective questions from the 2023 Post Utme Skyline University Economics examination.

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