Post Utme Aaua 2024 Economics Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice

Question 7 POST_UTME_AAUA • 2024 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. If the firm increases its price, what will happen to its revenue?

A. Revenue will increase.

Correct Answer B. Revenue will decrease.

C. Revenue will remain unchanged.

D. Revenue will become negative.

Correct Answer

Correct Option:

Revenue will decrease.

This is Post Utme Aaua 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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