Post Utme Aaua 2018 Economics Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Aaua Economics examination.

Post Utme Aaua 2018 Economics Objective / Multiple Choice
Question 27 POST_UTME_AAUA • 2018 • ECONOMICS • objective
Post Utme Aaua 2018 Economics Question 27 diagram

The diagram below shows the supply and demand curves for a product. If the price of the product increases, what will happen to the equilibrium quantity?

Answer Options

A. The equilibrium quantity will increase.
Correct Answer B. The equilibrium quantity will decrease.
C. The equilibrium quantity will remain the same.
D. The diagram is not sufficient to determine the effect on the equilibrium quantity.
Correct Answer
B
Correct Option:
The equilibrium quantity will decrease.

About This Question

This is Post Utme Aaua 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Aaua Economics examination.

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