Post Utme Delsu 2023 Geography Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Delsu Geography examination.

Post Utme Delsu 2023 Geography Objective / Multiple Choice
Question 24 POST_UTME_DELSU • 2023 • 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

A. Equilibrium price
Correct Answer B. Market equilibrium
C. Supply and demand curve
D. Price ceiling
Correct Answer
B
Correct Option:
Market equilibrium

About This Question

This is Post Utme Delsu 2023 Geography Question 24. It is one of the objective questions from the 2023 Post Utme Delsu Geography examination.

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