Post Utme Pan Atlantic University 2022 General Studies Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Pan Atlantic University General Studies examination.

Post Utme Pan Atlantic University 2022 General Studies Objective / Multiple Choice
Question 15 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • GENERAL STUDIES • objective
Post Utme Pan Atlantic University 2022 General Studies Question 15 diagram

The diagram below shows a simple graph of the relationship between the price of a product and the quantity demanded. What is the effect of an increase in the price on the quantity demanded?

Answer Options

A. The quantity demanded increases
Correct Answer B. The quantity demanded decreases
C. The quantity demanded remains unchanged
D. The price and quantity demanded are unrelated
Correct Answer
B
Correct Option:
The quantity demanded decreases

About This Question

This is Post Utme Pan Atlantic University 2022 General Studies Question 15. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University General Studies examination.

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