Post Utme Unilorin 2018 Commerce Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2018 Commerce Objective / Multiple Choice
Question 30 POST_UTME_UNILORIN • 2018 • COMMERCE • objective

A firm that produces a good or service that is in high demand and has a low supply is said to be in a state of?

Answer Options

Correct Answer A. Shortage
B. Surplus
C. Equilibrium
D. Inelastic Demand
Correct Answer
A
Correct Option:
Shortage

About This Question

This is Post Utme Unilorin 2018 Commerce Question 30. It is one of the objective questions from the 2018 Post Utme Unilorin Commerce examination.

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