Post Utme Lautech 2017 Geography Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Lautech Geography examination.

Post Utme Lautech 2017 Geography Objective / Multiple Choice

Question 38 POST_UTME_LAUTECH • 2017 • GEOGRAPHY • objective

Post Utme Lautech 2017 Geography Question 38 diagram

The diagram below shows a simple economic model. Which of the following is a consequence of an increase in the price of a commodity?

Answer Options

A. Increase in quantity supplied

Correct Answer B. Decrease in quantity demanded

C. Increase in quantity demanded

D. Decrease in quantity supplied

Correct Answer

Correct Option:

Decrease in quantity demanded

About This Question

This is Post Utme Lautech 2017 Geography Question 38. It is one of the objective questions from the 2017 Post Utme Lautech Geography examination.

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