Post Utme Uniben 2017 Commerce Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Uniben Commerce examination.

Post Utme Uniben 2017 Commerce Objective / Multiple Choice

Question 2 POST_UTME_UNIBEN • 2017 • COMMERCE • objective

A firm's demand curve shifts to the right due to an increase in consumer income. What happens to the firm's equilibrium price and quantity?

A. P increases, Q decreases

B. P decreases, Q increases

Correct Answer C. P increases, Q increases

D. P decreases, Q decreases

Correct Answer

Correct Option:

P increases, Q increases

This is Post Utme Uniben 2017 Commerce Question 2. It is one of the objective questions from the 2017 Post Utme Uniben Commerce examination.

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