Post Utme Abu 2018 Commerce Question 11
Practice objective / multiple choice question 11 from the 2018 Post Utme Abu Commerce examination.
In a perfectly competitive market, the law of supply states that as the price of a good increases, the quantity supplied of that good will also increase. However, this is not always the case. What is the name of the phenomenon that occurs when the quantity supplied of a good decreases as the price of that good increases?
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About This Question
This is Post Utme Abu 2018 Commerce Question 11. It is one of the objective questions from the 2018 Post Utme Abu Commerce examination.
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