Post Utme Afe Babalola University 2025 Commerce Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2025 Commerce Objective / Multiple Choice

Question 1 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2025 • COMMERCE • objective

In a competitive market, a firm's demand curve is downward sloping. What is the likely effect of an increase in the firm's production costs on its supply curve?

Answer Options

A. The supply curve shifts to the left.

Correct Answer B. The supply curve shifts to the right.

C. The supply curve remains unchanged.

D. The demand curve shifts to the left.

Correct Answer

Correct Option:

The supply curve shifts to the right.

About This Question

This is Post Utme Afe Babalola University 2025 Commerce Question 1. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Commerce examination.

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