Post Utme Bowen University 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2017 Economics Objective / Multiple Choice
Question 32 POST_UTME_BOWEN_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. If the firm increases its price, it will

Answer Options

A. Increase its quantity supplied
B. Decrease its quantity supplied
C. Increase its quantity demanded
Correct Answer D. Decrease its quantity demanded
Correct Answer
D
Correct Option:
Decrease its quantity demanded

About This Question

This is Post Utme Bowen University 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Bowen University Economics examination.

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