Post Utme Bells University 2025 Commerce Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Bells University Commerce examination.

Post Utme Bells University 2025 Commerce Objective / Multiple Choice
Question 19 POST_UTME_BELLS_UNIVERSITY • 2025 • 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 this market?

Answer Options

Correct Answer A. ₦100, 100 units
B. ₦120, 80 units
C. ₦150, 60 units
D. ₦180, 40 units
Correct Answer
A
Correct Option:
₦100, 100 units

About This Question

This is Post Utme Bells University 2025 Commerce Question 19. It is one of the objective questions from the 2025 Post Utme Bells University Commerce examination.

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