Post Utme Babcock University 2018 Commerce Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2018 Commerce Objective / Multiple Choice
Question 38 POST_UTME_BABCOCK_UNIVERSITY • 2018 • COMMERCE • objective

A business's introduction to commerce involves understanding the principles of supply and demand. What is the law of supply?

Answer Options

Correct Answer A. The quantity of a good that producers are willing and able to produce at a given price level
B. The price at which producers are willing to sell a good
C. The quantity of a good that consumers are willing and able to buy at a given price level
D. The price at which consumers are willing to buy a good
Correct Answer
A
Correct Option:
The quantity of a good that producers are willing and able to produce at a given price level

About This Question

This is Post Utme Babcock University 2018 Commerce Question 38. It is one of the objective questions from the 2018 Post Utme Babcock University Commerce examination.

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