Post Utme Coal City University 2023 Geography Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Coal City University Geography examination.

Post Utme Coal City University 2023 Geography Objective / Multiple Choice
Question 20 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • GEOGRAPHY • objective

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

Answer Options

Correct Answer A. Law of Demand
B. Law of Supply
C. Equilibrium
D. Market Failure
Correct Answer
A
Correct Option:
Law of Demand

About This Question

This is Post Utme Coal City University 2023 Geography Question 20. It is one of the objective questions from the 2023 Post Utme Coal City University Geography examination.

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