Gce Model Questions Vol1 2019 Economics Question 49
Practice objective / multiple choice question 49 from the 2019 Gce Model Questions Vol1 Economics examination.
The market for a good is described by the linear demand equation \(Q_d = 120 - 2P\) and the linear supply equation \(Q_s = 20 + 3P\), where \(P\) is the price and \(Q\) the quantity. Find the equilibrium price and quantity.
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About This Question
This is Gce Model Questions Vol1 2019 Economics Question 49. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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