Gce Model Questions Vol1 2021 Economics Question 36
Practice objective / multiple choice question 36 from the 2021 Gce Model Questions Vol1 Economics examination.
Given the demand equation \( Q_d = 120 - 2P \) and the supply equation \( Q_s = 20 + 3P \), where \(Q\) is quantity and \(P\) is price, determine the equilibrium price and equilibrium quantity.
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About This Question
This is Gce Model Questions Vol1 2021 Economics Question 36. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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