Post Utme Abu 2021 Economics Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Abu Economics examination.

Post Utme Abu 2021 Economics Objective / Multiple Choice

Question 14 POST_UTME_ABU • 2021 • ECONOMICS • objective

A firm is faced with a perfectly elastic 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 14. It is one of the objective questions from the 2021 Post Utme Abu Economics examination.

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