Post Utme Lasu 2017 Economics Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Lasu Economics examination.

Post Utme Lasu 2017 Economics Objective / Multiple Choice
Question 5 POST_UTME_LASU • 2017 • ECONOMICS • objective

The supply of a good is directly related to its price. This is an example of which economic concept?

Answer Options

Correct Answer A. Law of Supply
B. Law of Demand
C. Law of Diminishing Marginal Utility
D. Law of Increa\sing Marginal Utility
Correct Answer
A
Correct Option:
Law of Supply

About This Question

This is Post Utme Lasu 2017 Economics Question 5. It is one of the objective questions from the 2017 Post Utme Lasu Economics 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