Post Utme Afe Babalola University 2017 General Studies Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Afe Babalola University General Studies examination.

Post Utme Afe Babalola University 2017 General Studies Objective / Multiple Choice
Question 4 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • GENERAL STUDIES • objective

The graph below shows the relationship between the price of a commodity and its quantity demanded. What is the name of the concept represented by this graph?

Answer Options

A. Law of supply
Correct Answer B. Law of demand
C. Law of diminishing returns
D. Law of increasing costs
Correct Answer
B
Correct Option:
Law of demand

About This Question

This is Post Utme Afe Babalola University 2017 General Studies Question 4. It is one of the objective questions from the 2017 Post Utme Afe Babalola University General Studies examination.

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