Post Utme Ksu 2019 Commerce Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Ksu Commerce examination.

Post Utme Ksu 2019 Commerce Objective / Multiple Choice
Question 21 POST_UTME_KSU • 2019 • COMMERCE • objective

In a perfectly competitive market, the supply curve is a straight line, and the demand curve is downward-sloping. What is the equilibrium price and quantity of a commodity in this market?

Answer Options

A. ₦500, 100 units
Correct Answer B. ₦600, 80 units
C. ₦700, 60 units
D. ₦800, 40 units
Correct Answer
B
Correct Option:
₦600, 80 units

About This Question

This is Post Utme Ksu 2019 Commerce Question 21. It is one of the objective questions from the 2019 Post Utme Ksu Commerce examination.

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