Post Utme Christopher University 2019 Economics Question 9

Practice objective / multiple choice question 9 from the 2019 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2019 Economics Objective / Multiple Choice
Question 9 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is facing a downward-sloping demand curve. If the firm increases its price, what will happen to its revenue?

Answer Options

A. Revenue will increase
Correct Answer B. Revenue will decrease
C. Revenue will remain the same
D. Revenue will fluctuate
Correct Answer
B
Correct Option:
Revenue will decrease

About This Question

This is Post Utme Christopher University 2019 Economics Question 9. It is one of the objective questions from the 2019 Post Utme Christopher University Economics examination.

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