Post Utme Igbinedion University 2021 Economics Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2021 Economics Objective / Multiple Choice
Question 27 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ECONOMICS • objective

The concept of scarcity is a fundamental economic concept that refers to the limited availability of resources. Which of the following is a consequence of scarcity?

Answer Options

A. Increased production
B. Decreased consumption
C. Increased prices
Correct Answer D. All of the above
Correct Answer
D
Correct Option:
All of the above

About This Question

This is Post Utme Igbinedion University 2021 Economics Question 27. It is one of the objective questions from the 2021 Post Utme Igbinedion University Economics examination.

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