Post Utme Lautech 2021 Geography Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Lautech Geography examination.

Post Utme Lautech 2021 Geography Objective / Multiple Choice
Question 19 POST_UTME_LAUTECH • 2021 • GEOGRAPHY • objective

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

Answer Options

A. Increased demand for the good
B. Decreased supply of the good
C. Increased price of the good
Correct Answer D. Decreased quantity demanded
Correct Answer
D
Correct Option:
Decreased quantity demanded

About This Question

This is Post Utme Lautech 2021 Geography Question 19. It is one of the objective questions from the 2021 Post Utme Lautech Geography examination.

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