Post Utme Ui 2020 Commerce Question 11

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

Post Utme Ui 2020 Commerce Objective / Multiple Choice

Question 11 POST_UTME_UI • 2020 • 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?

A. ( P = 10, Q = 100 )

B. ( P = 20, Q = 50 )

Correct Answer C. ( P = 15, Q = 75 )

D. ( P = 25, Q = 25 )

Correct Answer

Correct Option:

( P = 15, Q = 75 )

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

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