Neco Model Questions Vol1 2025 Economics Question 49
Practice objective / multiple choice question 49 from the 2025 Neco Model Questions Vol1 Economics examination.
The demand for a product is given by \( Q_d = 100 - 2P \) and the supply by \( Q_s = 20 + P \), where \(P\) is the price in naira and \(Q\) is quantity. Find the equilibrium price and quantity.
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About This Question
This is Neco Model Questions Vol1 2025 Economics Question 49. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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