Post Utme Uniport 2017 Economics Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Uniport Economics examination.

Post Utme Uniport 2017 Economics Objective / Multiple Choice
Question 20 POST_UTME_UNIPORT • 2017 • ECONOMICS • objective

A firm's demand function is given by \( Q = 100 - 2P \) and the supply function is given by \( Q = 2P - 20 \). If the price of the firm's product is currently $2, what is the equilibrium quantity?

Answer Options

A. 40
Correct Answer B. 60
C. 80
D. 100
Correct Answer
B
Correct Option:
60

About This Question

This is Post Utme Uniport 2017 Economics Question 20. It is one of the objective questions from the 2017 Post Utme Uniport Economics examination.

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