Post Utme Uniben 2020 Economics Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Uniben Economics examination.

Post Utme Uniben 2020 Economics Objective / Multiple Choice
Question 31 POST_UTME_UNIBEN • 2020 • ECONOMICS • objective

Suppose the demand for a commodity is given by the equation Qd = 100 - 2P and the supply is given by Qs = 2P - 10. Find the equilibrium price and quantity u\sing the diagram below.

Answer Options

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

About This Question

This is Post Utme Uniben 2020 Economics Question 31. It is one of the objective questions from the 2020 Post Utme Uniben Economics examination.

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