Neco Model Questions Vol1 2025 Economics Question 25
Practice objective / multiple choice question 25 from the 2025 Neco Model Questions Vol1 Economics examination.
The market demand for a good is \(Q_d = 500 - 5P\) and the market supply is \(Q_s = 100 + 3P\), where \(P\) is the price in naira and \(Q\) is quantity. Find the equilibrium price and quantity.
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This is Neco Model Questions Vol1 2025 Economics Question 25. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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