Post Utme Ksu 2024 Commerce Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Ksu Commerce examination.

Post Utme Ksu 2024 Commerce Objective / Multiple Choice

Question 10 POST_UTME_KSU • 2024 • COMMERCE • objective

The concept of 'Supply and Demand' in economics suggests that:

Correct Answer A. The price of a good is determined by its supply and demand

B. The quantity of a good is determined by its supply and demand

C. The quality of a good is determined by its supply and demand

D. The availability of a good is determined by its supply and demand

Correct Answer

Correct Option:

The price of a good is determined by its supply and demand

This is Post Utme Ksu 2024 Commerce Question 10. It is one of the objective questions from the 2024 Post Utme Ksu Commerce examination.

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