Post Utme Rhema University 2021 Geography Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Rhema University Geography examination.

Post Utme Rhema University 2021 Geography Objective / Multiple Choice
Question 38 POST_UTME_RHEMA_UNIVERSITY • 2021 • GEOGRAPHY • objective
Post Utme Rhema University 2021 Geography Question 38 diagram

The diagram below represents a simple economic model. Which of the following is a consequence of an increase in the price of a good?

Answer Options

A. Increase in Demand
B. Decrease in Supply
C. Increase in Supply
Correct Answer D. Decrease in Demand
Correct Answer
D
Correct Option:
Decrease in Demand

About This Question

This is Post Utme Rhema University 2021 Geography Question 38. It is one of the objective questions from the 2021 Post Utme Rhema University Geography examination.

View More Post Utme Rhema University 2021 Geography Questions More Post Utme Rhema University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support