Post Utme Noun 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Noun Economics examination.

Post Utme Noun 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_NOUN • 2018 • ECONOMICS • objective
Post Utme Noun 2018 Economics Question 12 diagram

The following diagram shows the supply and demand curves for a commodity in a perfectly competitive market. What is the equilibrium price and quantity of the commodity?

Answer Options

Correct Answer A. ₦100, 100 units
B. ₦120, 80 units
C. ₦150, 60 units
D. ₦180, 40 units
Correct Answer
A
Correct Option:
₦100, 100 units

About This Question

This is Post Utme Noun 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Noun Economics examination.

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