Post Utme Achievers University 2018 Commerce Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2018 Commerce Objective / Multiple Choice
Question 39 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • COMMERCE • objective

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

Answer Options

Correct Answer A. Firms are willing to supply more of a good as its price increases.
B. Firms are willing to supply less of a good as its price increases.
C. Firms are willing to supply the same quantity of a good regardless of its price.
D. Firms are willing to supply more of a good as its price decreases.
Correct Answer
A
Correct Option:
Firms are willing to supply more of a good as its price increases.

About This Question

This is Post Utme Achievers University 2018 Commerce Question 39. It is one of the objective questions from the 2018 Post Utme Achievers University Commerce examination.

View More Post Utme Achievers University 2018 Commerce Questions More Post Utme Achievers University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support