Post Utme Aaua 2021 Commerce Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Aaua Commerce examination.

Post Utme Aaua 2021 Commerce Objective / Multiple Choice
Question 1 POST_UTME_AAUA • 2021 • COMMERCE • objective

In a perfectly competitive market, the supply curve is horizontal and the demand curve is downward-sloping. What is the equilibrium price and quantity of a commodity in such a market?

Answer Options

Correct Answer A. ₦1000 and 100 units
B. ₦500 and 50 units
C. ₦2000 and 200 units
D. ₦1500 and 150 units
Correct Answer
A
Correct Option:
₦1000 and 100 units

About This Question

This is Post Utme Aaua 2021 Commerce Question 1. It is one of the objective questions from the 2021 Post Utme Aaua Commerce examination.

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