Post Utme Unilorin 2023 Commerce Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2023 Commerce Objective / Multiple Choice
Question 1 POST_UTME_UNILORIN • 2023 • COMMERCE • objective

In a perfectly competitive market, the supply curve is a straight line that intersects the demand curve at the equilibrium price and quantity. What is the name of this equilibrium price?

Answer Options

Correct Answer A. Equilibrium Price
B. Market Price
C. Supply Price
D. Demand Price
Correct Answer
A
Correct Option:
Equilibrium Price

About This Question

This is Post Utme Unilorin 2023 Commerce Question 1. It is one of the objective questions from the 2023 Post Utme Unilorin Commerce examination.

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