Post Utme Crawford University 2020 Commerce Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2020 Commerce Objective / Multiple Choice
Question 24 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • COMMERCE • objective
Post Utme Crawford University 2020 Commerce Question 24 diagram

The diagram below shows a simple graph of supply and demand. If the price of the good increases, what will be the effect on the quantity supplied?

Answer Options

Correct Answer A. The quantity supplied will increase
B. The quantity supplied will decrease
C. The quantity supplied will remain the same
D. The quantity supplied will be reversed
Correct Answer
A
Correct Option:
The quantity supplied will increase

About This Question

This is Post Utme Crawford University 2020 Commerce Question 24. It is one of the objective questions from the 2020 Post Utme Crawford University Commerce examination.

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