Post Utme Al Hikmah University 2022 Economics Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2022 Economics Objective / Multiple Choice
Question 16 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ECONOMICS • objective

A firm faces a downward-sloping demand curve for its product. If the firm increases its price, what will happen to its total revenue?

Answer Options

A. Total revenue will increase
Correct Answer B. Total revenue will decrease
C. Total revenue will remain cons\tant
D. Total revenue will increase at first and then decrease
Correct Answer
B
Correct Option:
Total revenue will decrease

About This Question

This is Post Utme Al Hikmah University 2022 Economics Question 16. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.

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