Post Utme Lasu 2019 General Studies Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Lasu General Studies examination.

Post Utme Lasu 2019 General Studies Objective / Multiple Choice
Question 24 POST_UTME_LASU • 2019 • GENERAL STUDIES • objective

The graph below shows the relationship between the price of a product and the quantity demanded. If the price increases by 10%, what will happen to the quantity demanded?

Answer Options

A. The quantity demanded will increase
Correct Answer B. The quantity demanded will decrease
C. The quantity demanded will remain the same
D. The quantity demanded will become zero
Correct Answer
B
Correct Option:
The quantity demanded will decrease

About This Question

This is Post Utme Lasu 2019 General Studies Question 24. It is one of the objective questions from the 2019 Post Utme Lasu General Studies examination.

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