Post Utme Wellspring University 2025 Economics Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2025 Economics Objective / Multiple Choice
Question 36 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • ECONOMICS • objective

Assume a perfectly competitive market with a downward-sloping demand curve and a horizontal supply curve. If the market price falls from ₦100 to ₦80, what is the effect on the consumer surplus?

Answer Options

A. The consumer surplus increases by ₦20
Correct Answer B. The consumer surplus decreases by ₦20
C. The consumer surplus remains unchanged
D. The consumer surplus increases by ₦40
Correct Answer
B
Correct Option:
The consumer surplus decreases by ₦20

About This Question

This is Post Utme Wellspring University 2025 Economics Question 36. It is one of the objective questions from the 2025 Post Utme Wellspring University Economics examination.

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