Post Utme Delsu 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Delsu Economics examination.

Post Utme Delsu 2017 Economics Objective / Multiple Choice
Question 32 POST_UTME_DELSU • 2017 • ECONOMICS • objective
Post Utme Delsu 2017 Economics Question 32 diagram

A monopolistically competitive firm faces a demand curve that is downward-sloping and a supply curve that is upward-sloping. What is the effect of an increase in the price of a complementary good on the firm's supply curve?

Answer Options

A. The supply curve shifts to the left.
Correct Answer B. The supply curve shifts to the right.
C. The supply curve remains unchanged.
D. The supply curve shifts downward.
Correct Answer
B
Correct Option:
The supply curve shifts to the right.

About This Question

This is Post Utme Delsu 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Delsu Economics examination.

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