Post Utme Mountain Top University 2019 Commerce Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2019 Commerce Objective / Multiple Choice
Question 15 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • COMMERCE • objective
Post Utme Mountain Top University 2019 Commerce Question 15 diagram

The following diagram shows a simple graph of supply and demand curves. If the price of the good increases, the equilibrium quantity will be

Answer Options

Correct Answer A. increased
B. decreased
C. remained the same
D. become negative
Correct Answer
A
Correct Option:
increased

About This Question

This is Post Utme Mountain Top University 2019 Commerce Question 15. It is one of the objective questions from the 2019 Post Utme Mountain Top University Commerce examination.

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