Post Utme Delsu 2024 Commerce Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Delsu Commerce examination.

Post Utme Delsu 2024 Commerce Objective / Multiple Choice
Question 26 POST_UTME_DELSU • 2024 • 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 in this market?

Answer Options

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

About This Question

This is Post Utme Delsu 2024 Commerce Question 26. It is one of the objective questions from the 2024 Post Utme Delsu Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support