Post Utme Lead City University 2022 Geography Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Lead City University Geography examination.

Post Utme Lead City University 2022 Geography Objective / Multiple Choice
Question 3 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • GEOGRAPHY • objective

The diagram below shows a simple economic model of supply and demand. If the demand for a product 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 2022 Geography Question 3. It is one of the objective questions from the 2022 Post Utme Lead City University Geography examination.

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