Post Utme Veritas University 2025 Economics Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2025 Economics Objective / Multiple Choice
Question 17 POST_UTME_VERITAS_UNIVERSITY • 2025 • ECONOMICS • objective

The demand for a product is given by the equation \( Q_d = 100 - 2P \) and the supply is given by \( Q_s = 2P - 10 \). Find the equilibrium price and quantity.

Answer Options

Correct Answer A. P = ₦20, Q = 30
B. P = ₦30, Q = 20
C. P = ₦40, Q = 10
D. P = ₦50, Q = 0
Correct Answer
A
Correct Option:
P = ₦20, Q = 30

About This Question

This is Post Utme Veritas University 2025 Economics Question 17. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.

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