Post Utme Veritas University 2025 Economics Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2025 Economics Objective / Multiple Choice

Question 33 POST_UTME_VERITAS_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's supply function is given by Q = 2P - 50, find the equilibrium price and quantity.

Answer Options

Correct Answer A. P = 25, Q = 50

B. P = 50, Q = 100

C. P = 75, Q = 150

D. P = 100, Q = 200

Correct Answer

Correct Option:

P = 25, Q = 50

About This Question

This is Post Utme Veritas University 2025 Economics Question 33. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.

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