Post Utme Abu 2023 Economics Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Abu Economics examination.

Post Utme Abu 2023 Economics Objective / Multiple Choice

Question 1 POST_UTME_ABU • 2023 • ECONOMICS • objective

In a perfectly competitive market, the supply curve is upward-sloping because

Correct Answer A. Firms are willing to supply more at higher prices

B. Firms are willing to supply less at lower prices

C. Firms are willing to supply more at lower prices

D. Firms are willing to supply less at higher prices

Correct Answer

Correct Option:

Firms are willing to supply more at higher prices

This is Post Utme Abu 2023 Economics Question 1. It is one of the objective questions from the 2023 Post Utme Abu Economics examination.

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