Post Utme Lead City University 2022 Economics Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2022 Economics Objective / Multiple Choice
Question 24 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ECONOMICS • objective

A market is in equilibrium at a price of ₦20 and a quantity of 100 units. If the demand for the good increases by 20%, what is the new equilibrium price?

Answer Options

A. ₦24
B. ₦25
C. ₦26
Correct Answer D. ₦28
Correct Answer
D
Correct Option:
₦28

About This Question

This is Post Utme Lead City University 2022 Economics Question 24. It is one of the objective questions from the 2022 Post Utme Lead City University Economics examination.

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