Post Utme Ui 2019 Commerce Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Ui Commerce examination.

Post Utme Ui 2019 Commerce Objective / Multiple Choice
Question 6 POST_UTME_UI • 2019 • COMMERCE • objective

In a perfectly competitive market, the supply curve is horizontal and the demand curve is downward-sloping. What is the equilibrium price and quantity of the product?

Answer Options

A. ₦100, 1000 units
Correct Answer B. ₦120, 800 units
C. ₦150, 600 units
D. ₦180, 400 units
Correct Answer
B
Correct Option:
₦120, 800 units

About This Question

This is Post Utme Ui 2019 Commerce Question 6. It is one of the objective questions from the 2019 Post Utme Ui Commerce examination.

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