Post Utme Summit University 2019 Economics Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Summit University Economics examination.

Post Utme Summit University 2019 Economics Objective / Multiple Choice
Question 21 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's demand curve is given by Qd = 100 - 2P, and the supply curve is given by Qs = 2P - 50. Find the equilibrium price and quantity.

Answer Options

Correct Answer A. ₦50, 75
B. ₦25, 50
C. ₦75, 25
D. ₦100, 0
Correct Answer
A
Correct Option:
₦50, 75

About This Question

This is Post Utme Summit University 2019 Economics Question 21. It is one of the objective questions from the 2019 Post Utme Summit University Economics examination.

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