Post Utme Wellspring University 2021 Geography Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Wellspring University Geography examination.

Post Utme Wellspring University 2021 Geography Objective / Multiple Choice
Question 4 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • GEOGRAPHY • objective

The diagram below shows a simple economic model of supply and demand. If the demand for a product increases, what will happen to the equilibrium price?

Answer Options

Correct Answer A. Increase
B. Decrease
C. Remain the same
D. Move to the left
Correct Answer
A
Correct Option:
Increase

About This Question

This is Post Utme Wellspring University 2021 Geography Question 4. It is one of the objective questions from the 2021 Post Utme Wellspring University Geography examination.

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