Post Utme Coal City University 2024 Geography Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Coal City University Geography examination.

Post Utme Coal City University 2024 Geography Objective / Multiple Choice
Question 15 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • GEOGRAPHY • objective

The diagram below shows a graph of the global supply and demand for a particular commodity. What is the name of the economic concept that occurs when the supply of a commodity exceeds its demand?

Answer Options

Correct Answer A. Surplus
B. Shortage
C. Equilibrium
D. Inflation
Correct Answer
A
Correct Option:
Surplus

About This Question

This is Post Utme Coal City University 2024 Geography Question 15. It is one of the objective questions from the 2024 Post Utme Coal City University Geography examination.

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