Post Utme Unilorin 2021 Commerce Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2021 Commerce Objective / Multiple Choice
Question 19 POST_UTME_UNILORIN • 2021 • COMMERCE • objective

A company's introduction to commerce involves understanding the principles of supply and demand. What is the primary factor that determines the equilibrium price in a market?

Answer Options

A. Supply
Correct Answer B. Demand
C. Government intervention
D. External factors
Correct Answer
B
Correct Option:
Demand

About This Question

This is Post Utme Unilorin 2021 Commerce Question 19. It is one of the objective questions from the 2021 Post Utme Unilorin Commerce examination.

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