Post Utme Al Hikmah University 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2024 Economics Objective / Multiple Choice
Question 29 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • ECONOMICS • objective

A firm is facing a decrease in demand for its product. Which of the following is a potential response?

Answer Options

A. Increase production to meet the new demand
B. Decrease production to reduce \costs
C. Increase prices to maintain profit margins
Correct Answer D. Invest in new marketing campaigns to increase demand
Correct Answer
D
Correct Option:
Invest in new marketing campaigns to increase demand

About This Question

This is Post Utme Al Hikmah University 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Economics examination.

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