Post Utme Crawford University 2023 Commerce Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2023 Commerce Objective / Multiple Choice
Question 3 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • COMMERCE • objective

A firm's supply curve is upward-sloping because as the price of its product increases, it

Answer Options

A. increases its production
Correct Answer B. decreases its production
C. increases its demand
D. decreases its demand
Correct Answer
B
Correct Option:
decreases its production

About This Question

This is Post Utme Crawford University 2023 Commerce Question 3. It is one of the objective questions from the 2023 Post Utme Crawford University Commerce examination.

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