Post Utme Unilag 2019 Economics Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Unilag Economics examination.

Post Utme Unilag 2019 Economics Objective / Multiple Choice
Question 5 POST_UTME_UNILAG • 2019 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P and the supply curve is given by Q = 2P - 10. What is the equilibrium price and quantity?

Answer Options

A. ₦50, 60
Correct Answer B. ₦30, 70
C. ₦20, 80
D. ₦10, 90
Correct Answer
B
Correct Option:
₦30, 70

About This Question

This is Post Utme Unilag 2019 Economics Question 5. It is one of the objective questions from the 2019 Post Utme Unilag Economics examination.

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