Post Utme Uniosun 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2021 Economics Objective / Multiple Choice

Question 23 POST_UTME_UNIOSUN • 2021 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P. If the firm's supply curve is given by the equation Qs = 2P - 10, what is the equilibrium price and quantity?

Answer Options

Correct Answer A. P = 20, Q = 30

B. P = 30, Q = 20

C. P = 40, Q = 10

D. P = 50, Q = 0

Correct Answer

Correct Option:

P = 20, Q = 30

About This Question

This is Post Utme Uniosun 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Uniosun Economics examination.

View More Post Utme Uniosun 2021 Economics Questions More Post Utme Uniosun Practice Questions Back to Questions

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