Gce Model Questions Vol1 2021 Economics Question 34
Practice objective / multiple choice question 34 from the 2021 Gce Model Questions Vol1 Economics examination.
The market demand for a good is given by \(P = 200 - 2Q\) and the market supply by \(P = 20 + Q\), where \(P\) is price in £ and \(Q\) is quantity. Find the equilibrium price and quantity.
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About This Question
This is Gce Model Questions Vol1 2021 Economics Question 34. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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