Post Utme Achievers University 2019 Commerce Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2019 Commerce Objective / Multiple Choice
Question 21 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • 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 product in this market?

Answer Options

Correct Answer A. ₦100, 100 units
B. ₦120, 80 units
C. ₦150, 60 units
D. ₦200, 40 units
Correct Answer
A
Correct Option:
₦100, 100 units

About This Question

This is Post Utme Achievers University 2019 Commerce Question 21. It is one of the objective questions from the 2019 Post Utme Achievers University Commerce examination.

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