Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. UI
  4. /
  5. Economics
  6. /
  7. 2019/2020
  8. /
  9. Q21
Question 21

Given Demand function: Qd = 5P + 10; Supply function: Qs = 7P - 5. The equilibrium quantity is

  • A.50
  • B.55
  • C.75.5
  • D.47.5
  • E.55.5
Objective

Question details

Exam body
UI
Subject
Economics
Year
2019/2020
Question no.
#21
Type
Objective
Previous · Q20Marginal cost is the .......... Next · Q22 In market economies, resources are allocated through the

More from this paper

  • Q17Average fixed cost is
  • Q18Average fixed cost is a rectangular hyperbola
  • Q19Long run cost is U-shaped because of the operation of
  • Q23In the operation of market forces, the market is in equilibrium at the point…
  • Q24The basic feature of a market economy is
  • Q25The following are the conditions that must be fulfilled for price determination…
See all Economics 2019/2020 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