Post Utme Unilorin 2020 Economics Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2020 Economics Objective / Multiple Choice
Question 32 POST_UTME_UNILORIN • 2020 • ECONOMICS • objective

The demand for a product is given by Qd = 100 - 2P and the supply is given by Qs = 2P. If the price is currently 20, what is the equilibrium quantity?

Answer Options

A. 20
Correct Answer B. 40
C. 60
D. 80
Correct Answer
B
Correct Option:
40

About This Question

This is Post Utme Unilorin 2020 Economics Question 32. It is one of the objective questions from the 2020 Post Utme Unilorin Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support