Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. JAMB
  4. /
  5. Economics
  6. /
  7. 1997
  8. /
  9. Q0
Question 0

Given a market demand curve Q=120-2p and a supply curve Q = 4p, the equilibrium price and quantity respectively are?

  • A.20 and 80
  • B.30 and 120
  • C.40 and 60
  • D.60 and 240
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1997
Question no.
#0
Type
Objective
Previous · Q0A good is said to be inferior if its demand? Next · Q0 If a demand curve that intersects a perfectly inelastic supply curve shifts…

More from this paper

  • Q0With a given level of money income, a consumer maximizes satisfaction from the…
  • Q0Ike's scale of preference reveals that he prefers bananas to pawpaw, pawpaw to…
  • Q0One of the features of a free market economy is that?
  • Q0One of the fundamental differences between a capitalist and a socialist economy…
  • Q0When a country's population is experiencing increase returns, that country is…
  • Q0In a country, if the proportion of people who are below 15 years is 45% and…
See all Economics 1997 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy