Post Utme Babcock University 2021 Geography Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Babcock University Geography examination.

Post Utme Babcock University 2021 Geography Objective / Multiple Choice
Question 24 POST_UTME_BABCOCK_UNIVERSITY • 2021 • GEOGRAPHY • objective

The diagram below shows a simple economic model of supply and demand. What is the name of the point labeled 'E'?

Answer Options

Correct Answer A. Equilibrium price
B. Supply price
C. Demand price
D. Market price
Correct Answer
A
Correct Option:
Equilibrium price

About This Question

This is Post Utme Babcock University 2021 Geography Question 24. It is one of the objective questions from the 2021 Post Utme Babcock University Geography examination.

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