Post Utme Babcock University 2018 Economics Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2018 Economics Objective / Multiple Choice
Question 28 POST_UTME_BABCOCK_UNIVERSITY • 2018 • ECONOMICS • objective

In a perfectly competitive market, the supply curve is upward-sloping and the demand curve is downward-sloping. What is the effect of an increase in the price of a complementary good on the 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 supply curve shifts downward.
Correct Answer
B
Correct Option:
The supply curve shifts to the right.

About This Question

This is Post Utme Babcock University 2018 Economics Question 28. It is one of the objective questions from the 2018 Post Utme Babcock University Economics examination.

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