Post Utme Wellspring University 2020 Geography Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Wellspring University Geography examination.

Post Utme Wellspring University 2020 Geography Objective / Multiple Choice
Question 9 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • GEOGRAPHY • objective
Post Utme Wellspring University 2020 Geography Question 9 diagram

The diagram below shows a simple economic model of supply and demand. What is the primary effect of an increase in demand on the equilibrium price?

Answer Options

A. Decrease
Correct Answer B. Increase
C. No change
D. Movement along the supply curve
Correct Answer
B
Correct Option:
Increase

About This Question

This is Post Utme Wellspring University 2020 Geography Question 9. It is one of the objective questions from the 2020 Post Utme Wellspring University Geography examination.

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