Post Utme Uniosun 2025 Economics Question 42

Practice objective / multiple choice question 42 from the 2025 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2025 Economics Objective / Multiple Choice
Question 42 POST_UTME_UNIOSUN • 2025 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's supply function is given by Q = 2P - 100, what is the equilibrium price and quantity?

Answer Options

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

About This Question

This is Post Utme Uniosun 2025 Economics Question 42. It is one of the objective questions from the 2025 Post Utme Uniosun Economics examination.

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