Post Utme Coal City University 2024 Commerce Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2024 Commerce Objective / Multiple Choice
Question 24 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • COMMERCE • objective
Post Utme Coal City University 2024 Commerce Question 24 diagram

The diagram below shows the relationship between the price of a commodity and the quantity supplied. What is the implication of this relationship for the firm's revenue?

Answer Options

A. The firm's revenue will increase as the price increases
Correct Answer B. The firm's revenue will decrease as the price increases
C. The firm's revenue will remain constant as the price increases
D. The firm's revenue will be unaffected by the price
Correct Answer
B
Correct Option:
The firm's revenue will decrease as the price increases

About This Question

This is Post Utme Coal City University 2024 Commerce Question 24. It is one of the objective questions from the 2024 Post Utme Coal City University Commerce examination.

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