Post Utme Christopher University 2025 Economics Question 39

Practice objective / multiple choice question 39 from the 2025 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2025 Economics Objective / Multiple Choice

Question 39 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • ECONOMICS • objective

An increase in the price of a commodity leads to a decrease in its demand. If the demand for the commodity is elastic, what will be the effect on the total revenue of the firm?

Answer Options

A. Total revenue will increase

Correct Answer B. Total revenue will decrease

C. Total revenue will remain the same

D. Total revenue will increase at a decrea\sing rate

Correct Answer

Correct Option:

Total revenue will decrease

About This Question

This is Post Utme Christopher University 2025 Economics Question 39. It is one of the objective questions from the 2025 Post Utme Christopher University Economics examination.

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