Post Utme Lead City University 2024 Economics Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2024 Economics Objective / Multiple Choice

Question 24 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

Post Utme Lead City University 2024 Economics Question 24 diagram

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

Answer Options

A. Price = ₦100, Quantity = 10 units

Correct Answer B. Price = ₦150, Quantity = 20 units

C. Price = ₦200, Quantity = 30 units

D. Price = ₦250, Quantity = 40 units

Correct Answer

Correct Option:

Price = ₦150, Quantity = 20 units

About This Question

This is Post Utme Lead City University 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Lead City University Economics examination.

View More Post Utme Lead City University 2024 Economics Questions More Post Utme Lead City University Practice Questions Back to Questions

Master the Exam!

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