Post Utme Joseph Ayo Babalola University 2025 General Studies Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Joseph Ayo Babalola University General Studies examination.

Post Utme Joseph Ayo Babalola University 2025 General Studies Objective / Multiple Choice
Question 23 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • GENERAL STUDIES • objective

The diagram below shows a graph of the relationship between the price of a commodity and the quantity demanded. What is the effect of an increase in the price of the commodity?

Answer Options

A. The quantity demanded increases
Correct Answer B. The quantity demanded decreases
C. The price elasticity of demand increases
D. The price elasticity of demand decreases
Correct Answer
B
Correct Option:
The quantity demanded decreases

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 General Studies Question 23. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University General Studies examination.

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