Utme 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Utme Economics examination. This question covers Economics .

Utme 2018 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 12 UTME • 2018 • ECONOMICS • objective

If a demand curve that intersects a perfectly inelastic supply curve shift its rightward, then

Answer Options

A. only the quantity will increase
B. The prices will remain constant
C. The equilibrium price and quantity will increase
Correct Answer D. only the price will increase
Correct Answer
D
Correct Option:
only the price will increase

About This Question

This is Utme 2018 Economics Question 12. It is one of the objective questions from the 2018 Utme Economics examination.

The question covers Economics .

Difficulty level: 2 .

View More Utme 2018 Economics Questions More Utme Practice Questions Back to Questions

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