Post Utme Unilorin 2022 Commerce Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2022 Commerce Objective / Multiple Choice
Question 14 POST_UTME_UNILORIN • 2022 • COMMERCE • objective

A company is considering entering a new market. The company has estimated the following demand and supply curves for the market: Demand: Qd = 100 - 2P, Supply: Qs = 2P - 100. What is the equilibrium price and quantity in the market?

Answer Options

A. P = ₦50, Q = 100
Correct Answer B. P = ₦75, Q = 150
C. P = ₦100, Q = 200
D. P = ₦125, Q = 250
Correct Answer
B
Correct Option:
P = ₦75, Q = 150

About This Question

This is Post Utme Unilorin 2022 Commerce Question 14. It is one of the objective questions from the 2022 Post Utme Unilorin Commerce 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