Post Utme Bsu 2025 Economics Question 22

Practice objective / multiple choice question 22 from the 2025 Post Utme Bsu Economics examination.

Post Utme Bsu 2025 Economics Objective / Multiple Choice
Question 22 POST_UTME_BSU • 2025 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. If the firm increases its price, what is the likely effect on its revenue?

Answer Options

A. An increase in revenue
Correct Answer B. A decrease in revenue
C. No change in revenue
D. A decrease in revenue
Correct Answer
B
Correct Option:
A decrease in revenue

About This Question

This is Post Utme Bsu 2025 Economics Question 22. It is one of the objective questions from the 2025 Post Utme Bsu Economics examination.

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