Post Utme Uniport 2025 Economics Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Uniport Economics examination.

Post Utme Uniport 2025 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNIPORT • 2025 • ECONOMICS • objective

In a perfectly competitive market, the equilibrium price and quantity are determined by the intersection of the market demand and supply curves. However, if the market demand curve shifts to the left, the equilibrium price will increase, but the equilibrium quantity will decrease. U\sing the following data, calculate the new equilibrium price and quantity.

Answer Options

A. ₦1200, 100 units
Correct Answer B. ₦1500, 80 units
C. ₦1800, 60 units
D. ₦2000, 40 units
Correct Answer
B
Correct Option:
₦1500, 80 units

About This Question

This is Post Utme Uniport 2025 Economics Question 23. It is one of the objective questions from the 2025 Post Utme Uniport Economics examination.

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