Post Utme Futa 2021 Commerce Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Futa Commerce examination.

Post Utme Futa 2021 Commerce Objective / Multiple Choice
Question 3 POST_UTME_FUTA • 2021 • COMMERCE • objective
Post Utme Futa 2021 Commerce Question 3 diagram

The diagram below shows the demand and supply curves for a perfectly competitive market. Which of the following statements is true?

Answer Options

A. The market is in equilibrium at point A
Correct Answer B. The market is in equilibrium at point B
C. The market is in equilibrium at point C
D. The market is not in equilibrium
Correct Answer
B
Correct Option:
The market is in equilibrium at point B

About This Question

This is Post Utme Futa 2021 Commerce Question 3. It is one of the objective questions from the 2021 Post Utme Futa Commerce examination.

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