Post Utme Al Hikmah University 2025 Economics Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2025 Economics Objective / Multiple Choice
Question 30 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. If the firm increases its price, what will happen to its quantity demanded?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Indeterminate
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Al Hikmah University 2025 Economics Question 30. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Economics examination.

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