Post Utme Veritas University 2022 Economics Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2022 Economics Objective / Multiple Choice
Question 28 POST_UTME_VERITAS_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P, where P is the price. If the firm's supply curve is given by Qs = 2P - 10, what is the equilibrium price?

Answer Options

A. 10
Correct Answer B. 15
C. 20
D. 25
Correct Answer
B
Correct Option:
15

About This Question

This is Post Utme Veritas University 2022 Economics Question 28. It is one of the objective questions from the 2022 Post Utme Veritas University Economics examination.

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