Post Utme Joseph Ayo Babalola University 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2017 Economics Objective / Multiple Choice
Question 29 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

The following diagram shows the production possibilities frontier (PPF) for a country. What is the effect of an increase in the price of a commodity on the PPF?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Indeterminate
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

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