Neco 2017 Economics Question 10

Practice objective / multiple choice question 10 from the 2017 Neco Economics examination.

Neco 2017 Economics Objective / Multiple Choice Easy Difficulty
Question 10 NECO • 2017 • ECONOMICS • objective

When the price of a good rises and, ceteris paribus, the quantity demanded of that good falls, which fundamental economic law is illustrated?

Answer Options

A. Law of supply
Correct Answer B. Law of demand
C. Law of comparative advantage
D. Law of diminishing returns
Correct Answer
B
Correct Option:
Law of demand

About This Question

This is Neco 2017 Economics Question 10. It is one of the objective questions from the 2017 Neco Economics examination.

Difficulty level: Easy .

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