Post Utme Crawford University 2018 Commerce Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2018 Commerce Objective / Multiple Choice
Question 16 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • 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 the same
D. become negative
Correct Answer
B
Correct Option:
increase

About This Question

This is Post Utme Crawford University 2018 Commerce Question 16. It is one of the objective questions from the 2018 Post Utme Crawford University Commerce examination.

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