Neco Model Questions Vol1 2019 Economics Question 42
Practice objective / multiple choice question 42 from the 2019 Neco Model Questions Vol1 Economics examination.
The demand for a product is given by \(P = 200 - 5Q\) and the supply by \(P = 20 + 3Q\).\n\nIf the government sets a price floor of ₦100, what is the resulting surplus (excess supply) in units?
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About This Question
This is Neco Model Questions Vol1 2019 Economics Question 42. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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