Post Utme Delsu 2023 Economics Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Delsu Economics examination.

Post Utme Delsu 2023 Economics Objective / Multiple Choice
Question 26 POST_UTME_DELSU • 2023 • ECONOMICS • objective

The demand for a commodity is inversely related to its price. If the price of the commodity increases by 20% and the demand decreases by 15%, what is the new equilibrium price?

Answer Options

A. ₦120
Correct Answer B. ₦130
C. ₦140
D. ₦150
Correct Answer
B
Correct Option:
₦130

About This Question

This is Post Utme Delsu 2023 Economics Question 26. It is one of the objective questions from the 2023 Post Utme Delsu Economics examination.

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