Post Utme Unilorin 2022 Economics Question 14

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

Post Utme Unilorin 2022 Economics Objective / Multiple Choice

Question 14 POST_UTME_UNILORIN • 2022 • ECONOMICS • objective

A firm is producing a good with the following demand and supply functions: D(p) = 100 - 2p and S(p) = 2p + 10. Find the equilibrium price and quantity.

Answer Options

A. p = 5, q = 20

Correct Answer B. p = 10, q = 30

C. p = 15, q = 40

D. p = 20, q = 50

Correct Answer

Correct Option:

p = 10, q = 30

About This Question

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

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