Post Utme Achievers University 2024 Commerce Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2024 Commerce Objective / Multiple Choice
Question 34 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • COMMERCE • objective

In a perfectly competitive market, the law of supply states that as the price of a commodity increases, the quantity supplied will

Answer Options

A. increase
B. decrease
C. remain constant
Correct Answer D. move in the opposite direction of the price change
Correct Answer
D
Correct Option:
move in the opposite direction of the price change

About This Question

This is Post Utme Achievers University 2024 Commerce Question 34. It is one of the objective questions from the 2024 Post Utme Achievers University Commerce examination.

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