Post Utme Coal City University 2025 Economics Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2025 Economics Objective / Multiple Choice
Question 40 POST_UTME_COAL_CITY_UNIVERSITY • 2025 • ECONOMICS • objective

A firm in Nigeria is facing a scarcity of raw materials. Which of the following is a likely consequence of this scarcity?

Answer Options

Correct Answer A. Increased production \costs
B. Decreased production \costs
C. Increased demand for raw materials
D. Decreased demand for raw materials
Correct Answer
A
Correct Option:
Increased production \costs

About This Question

This is Post Utme Coal City University 2025 Economics Question 40. It is one of the objective questions from the 2025 Post Utme Coal City University Economics examination.

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