Post Utme Coal City University 2019 Commerce Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2019 Commerce Objective / Multiple Choice
Question 36 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • COMMERCE • objective

In a perfectly competitive market, the supply curve is a straight line that intersects the demand curve at the equilibrium price. What is the name of this equilibrium price?

Answer Options

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

About This Question

This is Post Utme Coal City University 2019 Commerce Question 36. It is one of the objective questions from the 2019 Post Utme Coal City University Commerce examination.

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