Post Utme Lautech 2019 Commerce Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Lautech Commerce examination.

Post Utme Lautech 2019 Commerce Objective / Multiple Choice

Question 3 POST_UTME_LAUTECH • 2019 • COMMERCE • objective

Post Utme Lautech 2019 Commerce Question 3 diagram

The diagram below shows a supply and demand curve for a product. If the price of the product increases, what will happen to the quantity supplied?

Answer Options

A. Increase

Correct Answer B. Decrease

C. Remain the same

D. No effect

Correct Answer

Correct Option:

Decrease

About This Question

This is Post Utme Lautech 2019 Commerce Question 3. It is one of the objective questions from the 2019 Post Utme Lautech Commerce examination.

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