Utme 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Utme Economics examination. This question covers Economics .

Utme 2020 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 23 UTME • 2020 • ECONOMICS • objective
DIAGRAM - diagram_3
Price control diagram

In the diagram above, the price P1 in price control situation is referred to as: [See diagram]

Answer Options

Correct Answer A. minimum price
B. maximum price
C. mark-up price
D. mark-down price
Correct Answer
A
Correct Option:
minimum price

About This Question

This is Utme 2020 Economics Question 23. It is one of the objective questions from the 2020 Utme Economics examination.

The question covers Economics .

Difficulty level: 2 .

View More Utme 2020 Economics Questions More Utme Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support