Post Utme Lautech 2017 Geography Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Lautech Geography examination.

Post Utme Lautech 2017 Geography Objective / Multiple Choice
Question 33 POST_UTME_LAUTECH • 2017 • GEOGRAPHY • objective
Post Utme Lautech 2017 Geography Question 33 diagram

The diagram below shows a simple economic model. If the demand for a product increases and the supply remains constant, what will happen to the equilibrium price?

Answer Options

Correct Answer A. Increase
B. Decrease
C. Remain the same
D. Move to the left
Correct Answer
A
Correct Option:
Increase

About This Question

This is Post Utme Lautech 2017 Geography Question 33. It is one of the objective questions from the 2017 Post Utme Lautech Geography examination.

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