Post Utme Crawford University 2024 Geography Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Crawford University Geography examination.

Post Utme Crawford University 2024 Geography Objective / Multiple Choice
Question 29 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • GEOGRAPHY • objective

The diagram below shows a graph of the relationship between the price of a commodity and the quantity demanded. What is the term for the point at which the quantity demanded equals the quantity supplied?

Answer Options

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

About This Question

This is Post Utme Crawford University 2024 Geography Question 29. It is one of the objective questions from the 2024 Post Utme Crawford University Geography examination.

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