Post Utme Bowen University 2020 Commerce Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2020 Commerce Objective / Multiple Choice
Question 31 POST_UTME_BOWEN_UNIVERSITY • 2020 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward-sloping because

Answer Options

Correct Answer A. Firms are willing to supply more of a good as its price increases.
B. Firms are willing to supply less of a good as its price increases.
C. Firms are willing to supply the same quantity of a good regardless of its price.
D. Firms are willing to supply more of a good as its price decreases.
Correct Answer
A
Correct Option:
Firms are willing to supply more of a good as its price increases.

About This Question

This is Post Utme Bowen University 2020 Commerce Question 31. It is one of the objective questions from the 2020 Post Utme Bowen University Commerce examination.

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