Post Utme Greenfield University 2020 Geography Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Greenfield University Geography examination.

Post Utme Greenfield University 2020 Geography Objective / Multiple Choice
Question 18 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • GEOGRAPHY • objective

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

Answer Options

Correct Answer A. Law of supply and demand
B. Opportunity cost
C. Diminishing marginal utility
D. Economies of scale
Correct Answer
A
Correct Option:
Law of supply and demand

About This Question

This is Post Utme Greenfield University 2020 Geography Question 18. It is one of the objective questions from the 2020 Post Utme Greenfield University Geography examination.

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