Post Utme Greenfield University 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2017 Economics Objective / Multiple Choice
Question 29 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ECONOMICS • objective
Post Utme Greenfield University 2017 Economics Question 29 diagram

The following diagram shows the supply and demand curves for a commodity. What is the equilibrium price and quantity of the commodity?

Answer Options

A. Price = ₦100, Quantity = 100 units
Correct Answer B. Price = ₦120, Quantity = 80 units
C. Price = ₦150, Quantity = 60 units
D. Price = ₦180, Quantity = 40 units
Correct Answer
B
Correct Option:
Price = ₦120, Quantity = 80 units

About This Question

This is Post Utme Greenfield University 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.

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