Post Utme Osustech 2023 Economics Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Osustech Economics examination.

Post Utme Osustech 2023 Economics Objective / Multiple Choice
Question 1 POST_UTME_OSUSTECH • 2023 • ECONOMICS • objective

In a perfectly competitive market, the supply curve is upward-sloping and the demand curve is downward-sloping. What is the equilibrium price and quantity in this market?

Answer Options

A. ₦100, 1000 units
Correct Answer B. ₦200, 500 units
C. ₦50, 2000 units
D. ₦150, 750 units
Correct Answer
B
Correct Option:
₦200, 500 units

About This Question

This is Post Utme Osustech 2023 Economics Question 1. It is one of the objective questions from the 2023 Post Utme Osustech Economics examination.

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