Post Utme Abu 2022 Economics Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Abu Economics examination.

Post Utme Abu 2022 Economics Objective / Multiple Choice

Question 19 POST_UTME_ABU • 2022 • ECONOMICS • objective

An increase in the price of a good from P0 to P1 leads to a decrease in the quantity demanded from Q0 to Q1. Which of the following is a possible explanation for this phenomenon?

A. Increase in consumer income

B. Decrease in consumer income

Correct Answer C. Increase in price of a complementary good

D. Decrease in price of a substitute good

Correct Answer

Correct Option:

Increase in price of a complementary good

This is Post Utme Abu 2022 Economics Question 19. It is one of the objective questions from the 2022 Post Utme Abu Economics examination.

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