Post Utme Bowen University 2021 Geography Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Bowen University Geography examination.

Post Utme Bowen University 2021 Geography Objective / Multiple Choice
Question 33 POST_UTME_BOWEN_UNIVERSITY • 2021 • GEOGRAPHY • objective

The diagram below shows a graph of the relationship between the price of a commodity and its demand. What is the economic concept illustrated by this graph?

Answer Options

Correct Answer A. Law of supply and demand
B. Law of diminishing marginal utility
C. Opportunity cost
D. Elasticity of demand
Correct Answer
A
Correct Option:
Law of supply and demand

About This Question

This is Post Utme Bowen University 2021 Geography Question 33. It is one of the objective questions from the 2021 Post Utme Bowen University Geography examination.

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