Post Utme Esut 2017 Commerce Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Esut Commerce examination.

Post Utme Esut 2017 Commerce Objective / Multiple Choice
Question 21 POST_UTME_ESUT • 2017 • COMMERCE • objective

In a market with perfect competition, if the demand curve is downward-sloping and the supply curve is upward-sloping, what is the equilibrium price?

Answer Options

A. ( P = MC )
Correct Answer B. ( P = MR )
C. ( P = AR )
D. ( P = AC )
Correct Answer
B
Correct Option:
( P = MR )

About This Question

This is Post Utme Esut 2017 Commerce Question 21. It is one of the objective questions from the 2017 Post Utme Esut Commerce examination.

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