Post Utme Madonna University 2018 Commerce Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2018 Commerce Objective / Multiple Choice
Question 26 POST_UTME_MADONNA_UNIVERSITY • 2018 • COMMERCE • objective

In a perfectly competitive market, the supply curve is horizontal and the demand curve is downward-sloping. What is the equilibrium price and quantity of the product?

Answer Options

A. ₦500, 1000 units
Correct Answer B. ₦600, 1200 units
C. ₦700, 1500 units
D. ₦800, 1800 units
Correct Answer
B
Correct Option:
₦600, 1200 units

About This Question

This is Post Utme Madonna University 2018 Commerce Question 26. It is one of the objective questions from the 2018 Post Utme Madonna University Commerce examination.

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