Waec Model Questions Vol1 2019 Economics Question 34

Practice objective / multiple choice question 34 from the 2019 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2019 Economics Objective / Multiple Choice Easy Difficulty

Question 34 WAEC_MODEL_QUESTIONS_VOL1 • 2019 • ECONOMICS • objective

Given the demand equation Qd = 200 - 5P and the supply equation Qs = 20 + 3P, find the equilibrium price (in Naira).

Answer Options

Correct Answer A. 22.5

B. 18.5

C. 20.0

D. 25.0

Correct Answer

Correct Option:

22.5

About This Question

This is Waec Model Questions Vol1 2019 Economics Question 34. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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