Post Utme Coal City University 2021 Commerce Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2021 Commerce Objective / Multiple Choice

Question 1 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • COMMERCE • objective

In a perfectly competitive market, the law of supply states that as the price of a commodity increases, the quantity supplied will

Answer Options

A. decrease

Correct Answer B. increase

C. remain constant

D. move in the opposite direction

Correct Answer

Correct Option:

increase

About This Question

This is Post Utme Coal City University 2021 Commerce Question 1. It is one of the objective questions from the 2021 Post Utme Coal City University Commerce examination.

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