Post Utme Unn 2020 Economics Question 36
Practice objective / multiple choice question 36 from the 2020 Post Utme Unn Economics examination.
Suppose a firm's demand function is given by Q = 100 - 2P and its supply function is given by Q = 2P + 10. If the market is initially in equilibrium at a price of ₦50, what is the change in consumer surplus if the price is increased to ₦60?
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About This Question
This is Post Utme Unn 2020 Economics Question 36. It is one of the objective questions from the 2020 Post Utme Unn Economics examination.
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