Post Utme Al Hikmah University 2021 Commerce Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2021 Commerce Objective / Multiple Choice
Question 21 POST_UTME_AL-HIKMAH_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 Al Hikmah University 2021 Commerce Question 21. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Commerce examination.

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