Post Utme Noun 2024 Geography Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Noun Geography examination.

Post Utme Noun 2024 Geography Objective / Multiple Choice
Question 10 POST_UTME_NOUN • 2024 • GEOGRAPHY • objective

The diagram below shows a simple economic model of supply and demand. What is the term for the point at which the supply and demand curves intersect?

Answer Options

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

About This Question

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

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