Post Utme Ui 2023 Economics Question 43

Practice objective / multiple choice question 43 from the 2023 Post Utme Ui Economics examination.

Post Utme Ui 2023 Economics Objective / Multiple Choice
Question 43 POST_UTME_UI • 2023 • ECONOMICS • objective

A firm's demand function is given by Qd = 80 - 2P, and its supply function is Qs = 2P - 20. If the market equilibrium price is $10, what is the quantity demanded?

Answer Options

A. 40 units
Correct Answer B. 50 units
C. 60 units
D. 70 units
Correct Answer
B
Correct Option:
50 units

About This Question

This is Post Utme Ui 2023 Economics Question 43. It is one of the objective questions from the 2023 Post Utme Ui Economics examination.

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