Post Utme Afe Babalola University 2021 Commerce Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2021 Commerce Objective / Multiple Choice
Question 32 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • 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. shift to the left
Correct Answer
B
Correct Option:
decrease

About This Question

This is Post Utme Afe Babalola University 2021 Commerce Question 32. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Commerce examination.

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