Post Utme Afe Babalola University 2018 Commerce Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2018 Commerce Objective / Multiple Choice
Question 16 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • 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
Correct Answer B. decrease
C. remain constant
D. become elastic
Correct Answer
B
Correct Option:
decrease

About This Question

This is Post Utme Afe Babalola University 2018 Commerce Question 16. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Commerce examination.

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