Post Utme Unn 2023 Geography Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Unn Geography examination.

Post Utme Unn 2023 Geography Objective / Multiple Choice

Question 8 POST_UTME_UNN • 2023 • GEOGRAPHY • objective

A firm is producing a good that has a market demand curve of Qd = 100 - 2P and a supply curve of Qs = 2 + 3P. What is the equilibrium price and quantity of the good in the market?

A. P = 20, Q = 60

B. P = 30, Q = 80

Correct Answer C. P = 40, Q = 100

D. P = 50, Q = 120

Correct Answer

Correct Option:

P = 40, Q = 100

This is Post Utme Unn 2023 Geography Question 8. It is one of the objective questions from the 2023 Post Utme Unn Geography examination.

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