Post Utme Summit University 2020 Economics Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Summit University Economics examination.

Post Utme Summit University 2020 Economics Objective / Multiple Choice
Question 40 POST_UTME_SUMMIT_UNIVERSITY • 2020 • ECONOMICS • objective

Suppose the demand for a product is given by Q_d = 100 - 2P and the supply is given by Q_s = 2P - 10. If the market is in equilibrium, what is the price of the product?

Answer Options

A. 15
B. 20
Correct Answer C. 25
D. 30
Correct Answer
C
Correct Option:
25

About This Question

This is Post Utme Summit University 2020 Economics Question 40. It is one of the objective questions from the 2020 Post Utme Summit University Economics examination.

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