Post Utme Abu 2021 Economics Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Abu Economics examination.

Post Utme Abu 2021 Economics Objective / Multiple Choice

Question 12 POST_UTME_ABU • 2021 • ECONOMICS • objective

A monopolistically competitive firm is faced with 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 increase in the short run but decrease in the long run

Correct Answer

Correct Option:

Revenue will decrease

This is Post Utme Abu 2021 Economics Question 12. It is one of the objective questions from the 2021 Post Utme Abu Economics examination.

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