Post Utme Lead City University 2022 Geography Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Lead City University Geography examination.

Post Utme Lead City University 2022 Geography Objective / Multiple Choice
Question 20 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • GEOGRAPHY • objective

The graph below shows the relationship between the price of a commodity and its quantity supplied. What is the economic concept illustrated by this graph?

Answer Options

A. Law of Supply
Correct Answer B. Law of Demand
C. Law of Diminishing Marginal Utility
D. Law of Increasing Opportunity Cost
Correct Answer
B
Correct Option:
Law of Demand

About This Question

This is Post Utme Lead City University 2022 Geography Question 20. It is one of the objective questions from the 2022 Post Utme Lead City University Geography examination.

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