Waec Model Questions Vol1 2023 Economics Question 30

Practice objective / multiple choice question 30 from the 2023 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2023 Economics Objective / Multiple Choice Easy Difficulty
Question 30 WAEC_MODEL_QUESTIONS_VOL1 • 2023 • ECONOMICS • objective

The demand for a product is Q_d = 500 - 5P and the supply is Q_s = 100 + 3P, where Q is quantity and P is price in Naira. Find the equilibrium price.

Answer Options

A. 55
B. 60
C. 45
Correct Answer D. 50
Correct Answer
D
Correct Option:
50

About This Question

This is Waec Model Questions Vol1 2023 Economics Question 30. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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