Neco Model Questions Vol1 2020 Economics Question 34
Practice objective / multiple choice question 34 from the 2020 Neco Model Questions Vol1 Economics examination.
The market for a good is described by the linear equations \(Q_{d}=200-3P\) and \(Q_{s}=2P-40\), where \(P\) is price (in \(\text{₦}\)) and \(Q\) is quantity. What is the equilibrium price (in \(\text{₦}\))?
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About This Question
This is Neco Model Questions Vol1 2020 Economics Question 34. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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