Post Utme Unilag 2022 Geography Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Unilag Geography examination.

Post Utme Unilag 2022 Geography Objective / Multiple Choice
Question 30 POST_UTME_UNILAG • 2022 • GEOGRAPHY • objective

The graph below shows the relationship between the price of a commodity and the quantity demanded. What is the term for the point at which the demand curve intersects the price axis?

Answer Options

Correct Answer A. Equilibrium price
B. Market clearing price
C. Price elasticity
D. Price floor
Correct Answer
A
Correct Option:
Equilibrium price

About This Question

This is Post Utme Unilag 2022 Geography Question 30. It is one of the objective questions from the 2022 Post Utme Unilag Geography examination.

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