Post Utme Summit University 2019 Geography Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Summit University Geography examination.

Post Utme Summit University 2019 Geography Objective / Multiple Choice
Question 8 POST_UTME_SUMMIT_UNIVERSITY • 2019 • GEOGRAPHY • objective

The diagram below represents a simple economic model. If the demand for a product is represented by the downward-sloping curve and the supply of the product is represented by the upward-sloping curve, what is the equilibrium price?

Answer Options

A. P1
Correct Answer B. P2
C. P3
D. P4
Correct Answer
B
Correct Option:
P2

About This Question

This is Post Utme Summit University 2019 Geography Question 8. It is one of the objective questions from the 2019 Post Utme Summit University Geography examination.

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