Post Utme Ims U 2025 Geography Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Ims U Geography examination.

Post Utme Ims U 2025 Geography Objective / Multiple Choice
Question 1 POST_UTME_IMS_U • 2025 • GEOGRAPHY • objective

In a perfectly competitive market, if the demand for a product is inelastic, what will be the effect on the price of the product?

Answer Options

A. The price will increase
Correct Answer B. The price will decrease
C. The price will remain the same
D. The price will fluctuate
Correct Answer
B
Correct Option:
The price will decrease

About This Question

This is Post Utme Ims U 2025 Geography Question 1. It is one of the objective questions from the 2025 Post Utme Ims U Geography examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support