Post Utme Uniport 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Uniport Economics examination.

Post Utme Uniport 2024 Economics Objective / Multiple Choice

Question 29 POST_UTME_UNIPORT • 2024 • ECONOMICS • objective

A firm's demand function is given by Qd = 100 - 2P, and its supply function is given by Qs = 2P - 10. What is the equilibrium price and quantity in the market?

Answer Options

Correct Answer A. P = 15, Q = 25

B. P = 20, Q = 30

C. P = 25, Q = 35

D. P = 30, Q = 40

Correct Answer

Correct Option:

P = 15, Q = 25

About This Question

This is Post Utme Uniport 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Uniport Economics examination.

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