Waec Model Questions Vol1 2020 Economics Question 32
Practice objective / multiple choice question 32 from the 2020 Waec Model Questions Vol1 Economics examination.
The market demand for a commodity is given by Qd = 500 - 2P and the market supply by Qs = 3P - 150, where Q is quantity and P is price (in Naira). Find the equilibrium price and quantity.
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About This Question
This is Waec Model Questions Vol1 2020 Economics Question 32. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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