Post Utme Uniben 2022 Economics Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Uniben Economics examination.

Post Utme Uniben 2022 Economics Objective / Multiple Choice
Question 28 POST_UTME_UNIBEN • 2022 • ECONOMICS • objective

The following table shows the demand and supply schedules for a product: | Price | Quantity Demanded | Quantity Supplied || --- | --- | --- || 10 | 20 | 30 || 20 | 40 | 50 || 30 | 60 | 70 || 40 | 80 | 90 || 50 | 100 | 110 | If the price is 30, what is the equilibrium quantity?

Answer Options

A. 60
Correct Answer B. 70
C. 80
D. 90
Correct Answer
B
Correct Option:
70

About This Question

This is Post Utme Uniben 2022 Economics Question 28. It is one of the objective questions from the 2022 Post Utme Uniben Economics examination.

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