Post Utme Wellspring University 2018 Economics Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2018 Economics Objective / Multiple Choice
Question 5 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • ECONOMICS • objective

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

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Wellspring University 2018 Economics Question 5. It is one of the objective questions from the 2018 Post Utme Wellspring University Economics examination.

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