Post Utme Unn 2020 Economics Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Unn Economics examination.

Post Utme Unn 2020 Economics Objective / Multiple Choice
Question 35 POST_UTME_UNN • 2020 • ECONOMICS • objective

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

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
A
Correct Option:
P = 15, Q = 25

About This Question

This is Post Utme Unn 2020 Economics Question 35. It is one of the objective questions from the 2020 Post Utme Unn Economics examination.

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