Post Utme Uniben 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Uniben Economics examination.

Post Utme Uniben 2020 Economics Objective / Multiple Choice

Question 20 POST_UTME_UNIBEN • 2020 • ECONOMICS • objective

A firm's demand function is given by \( Q = 100 - 2P \). If the firm's supply function is \( Q = 2P - 100 \), find the equilibrium price and quantity.

Answer Options

Correct Answer A. P = 50, Q = 150

B. P = 75, Q = 100

C. P = 25, Q = 200

D. P = 100, Q = 0

Correct Answer

Correct Option:

P = 50, Q = 150

About This Question

This is Post Utme Uniben 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Uniben Economics examination.

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