Question 0

Which of the following is a correct definition of equilibrium price?

  • A.A price which covers production cost
  • B.A price which maximizes entreprenuer's profits
  • C.A price at which the quantity demanded equals the quantity supplied
  • D.A price at which a competitive firm is at equilibrium
  • E.A price which stabilizes farmer's income
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1980
Question no.
#0
Type
Objective

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