Post Utme Lead City University 2018 Economics Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2018 Economics Objective / Multiple Choice
Question 27 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ECONOMICS • objective
Post Utme Lead City University 2018 Economics Question 27 diagram

The diagram below represents a perfectly competitive market. If the demand for the good increases, what will happen to the equilibrium price?

Answer Options

Correct Answer A. Increase
B. Decrease
C. Remain the same
D. Become negative
Correct Answer
A
Correct Option:
Increase

About This Question

This is Post Utme Lead City University 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Lead City University Economics examination.

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