Post Utme Crawford University 2019 Economics Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2019 Economics Objective / Multiple Choice
Question 17 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is facing a downward-sloping demand curve. If the firm increases its price, what will happen to its revenue?

Answer Options

A. Increase in revenue
Correct Answer B. Decrease in revenue
C. No change in revenue
D. Increase in quantity demanded
Correct Answer
B
Correct Option:
Decrease in revenue

About This Question

This is Post Utme Crawford University 2019 Economics Question 17. It is one of the objective questions from the 2019 Post Utme Crawford University Economics examination.

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