Post Utme Nile University 2022 Geography Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Nile University Geography examination.

Post Utme Nile University 2022 Geography Objective / Multiple Choice
Question 29 POST_UTME_NILE_UNIVERSITY • 2022 • GEOGRAPHY • objective

The diagram below shows a simple economic model. What is the effect of a decrease in the demand for a good on the equilibrium price?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No effect
D. Shift to the right
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Nile University 2022 Geography Question 29. It is one of the objective questions from the 2022 Post Utme Nile University Geography examination.

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