Post Utme Crawford University 2018 Commerce Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2018 Commerce Objective / Multiple Choice
Question 6 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • COMMERCE • objective

In a perfectly competitive market, the supply curve is typically upward-sloping because

Answer Options

Correct Answer A. firms are willing to supply more of a good at a higher price
B. firms are willing to supply less of a good at a higher price
C. firms are willing to supply the same quantity of a good at any price
D. firms are willing to supply more of a good at a lower price
Correct Answer
A
Correct Option:
firms are willing to supply more of a good at a higher price

About This Question

This is Post Utme Crawford University 2018 Commerce Question 6. It is one of the objective questions from the 2018 Post Utme Crawford University Commerce examination.

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