Post Utme Babcock University 2020 Commerce Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2020 Commerce Objective / Multiple Choice
Question 33 POST_UTME_BABCOCK_UNIVERSITY • 2020 • COMMERCE • objective

In a perfectly competitive market, the law of supply states that as the price of a good increases, the quantity supplied of that good 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 Babcock University 2020 Commerce Question 33. It is one of the objective questions from the 2020 Post Utme Babcock University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support