Post Utme Crawford University 2025 Economics Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2025 Economics Objective / Multiple Choice
Question 2 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • ECONOMICS • objective

A perfectly competitive market has a supply curve that is upward sloping. What is the likely reason for this shape?

Answer Options

A. Firms are willing to supply more at higher prices
Correct Answer B. Firms are willing to supply less at higher prices
C. Firms are willing to supply the same quantity at any price
D. No relationship with supply
Correct Answer
B
Correct Option:
Firms are willing to supply less at higher prices

About This Question

This is Post Utme Crawford University 2025 Economics Question 2. It is one of the objective questions from the 2025 Post Utme Crawford University Economics examination.

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