Neco Model Questions Vol1 2023 Economics Question 9
Practice objective / multiple choice question 9 from the 2023 Neco Model Questions Vol1 Economics examination.
The market demand for a good is given by \(Q_d = 500 - 5P\) and the market supply by \(Q_s = 2P + 20\), where \(Q\) is quantity and \(P\) is price in naira. Find the equilibrium price (in naira) rounded to two decimal places.
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About This Question
This is Neco Model Questions Vol1 2023 Economics Question 9. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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