Post Utme Futa 2017 Economics Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Futa Economics examination.

Post Utme Futa 2017 Economics Objective / Multiple Choice
Question 2 POST_UTME_FUTA • 2017 • ECONOMICS • objective
Post Utme Futa 2017 Economics Question 2 diagram

The following diagram shows the supply and demand curves for a particular good.

Answer Options

A. The equilibrium price is ₦50.
B. The equilibrium quantity is 100 units.
C. The supply curve is upward-sloping.
Correct Answer D. The demand curve is downward-sloping.
Correct Answer
D
Correct Option:
The demand curve is downward-sloping.

About This Question

This is Post Utme Futa 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Futa Economics examination.

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