Post Utme Ksu 2019 Commerce Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Ksu Commerce examination.

Post Utme Ksu 2019 Commerce Objective / Multiple Choice

Question 26 POST_UTME_KSU • 2019 • COMMERCE • objective

In a market with perfect competition, the demand curve is downward sloping and the supply curve is upward sloping. What is the equilibrium price and quantity of a product in this market?

A. (P = 10, Q = 100)

Correct Answer B. (P = 20, Q = 50)

C. (P = 30, Q = 20)

D. (P = 40, Q = 10)

Correct Answer

Correct Option:

(P = 20, Q = 50)

This is Post Utme Ksu 2019 Commerce Question 26. It is one of the objective questions from the 2019 Post Utme Ksu Commerce examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support