Post Utme Crawford University 2024 Commerce Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2024 Commerce Objective / Multiple Choice
Question 1 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • COMMERCE • objective

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

Answer Options

Correct Answer A. Firms are willing to supply more of a good as its price increases.
B. Firms are willing to supply less of a good as its price increases.
C. Firms are willing to supply more of a good as its price decreases.
D. Firms are willing to supply less of a good as its price decreases.
Correct Answer
A
Correct Option:
Firms are willing to supply more of a good as its price increases.

About This Question

This is Post Utme Crawford University 2024 Commerce Question 1. It is one of the objective questions from the 2024 Post Utme Crawford University Commerce examination.

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