Post Utme Uniben 2024 Economics Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice
Question 26 POST_UTME_UNIBEN • 2024 • ECONOMICS • objective

Determine the equilibrium price and quantity of a commodity, given the following demand and supply functions: P = 100 - 2Q and P = 50 + 3Q, respectively.

Answer Options

A. ₦200, 20 units
Correct Answer B. ₦150, 30 units
C. ₦250, 15 units
D. ₦300, 10 units
Correct Answer
B
Correct Option:
₦150, 30 units

About This Question

This is Post Utme Uniben 2024 Economics Question 26. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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