Post Utme Bells University 2021 Economics Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Bells University Economics examination.

Post Utme Bells University 2021 Economics Objective / Multiple Choice

Question 1 POST_UTME_BELLS_UNIVERSITY • 2021 • ECONOMICS • objective

A firm operating under perfect competition faces a market demand curve that is downward-sloping and has a negative slope. Which of the following is a characteristic of the firm's supply curve?

Answer Options

A. The supply curve is upward-sloping and has a positive slope.

Correct Answer B. The supply curve is horizontal and has a zero slope.

C. The supply curve is downward-sloping and has a negative slope.

D. The supply curve is vertical and has an infinite slope.

Correct Answer

Correct Option:

The supply curve is horizontal and has a zero slope.

About This Question

This is Post Utme Bells University 2021 Economics Question 1. It is one of the objective questions from the 2021 Post Utme Bells University Economics examination.

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