Post Utme Noun 2020 Commerce Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Noun Commerce examination.

Post Utme Noun 2020 Commerce Objective / Multiple Choice
Question 11 POST_UTME_NOUN • 2020 • COMMERCE • objective

In a perfectly competitive market, the supply curve is a straight line that intersects the demand curve at the equilibrium price and quantity. What is the name of this equilibrium price?

Answer Options

Correct Answer A. Equilibrium Price
B. Market Price
C. Supply Price
D. Demand Price
Correct Answer
A
Correct Option:
Equilibrium Price

About This Question

This is Post Utme Noun 2020 Commerce Question 11. It is one of the objective questions from the 2020 Post Utme Noun Commerce examination.

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