Post Utme Delsu 2021 Commerce Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Delsu Commerce examination.

Post Utme Delsu 2021 Commerce Objective / Multiple Choice
Question 16 POST_UTME_DELSU • 2021 • COMMERCE • objective

In a competitive market, a firm's demand curve is downward sloping. What is the likely effect on the firm's profit-maximizing price and quantity?

Answer Options

A. The firm's profit-maximizing price and quantity will increase.
B. The firm's profit-maximizing price will decrease, but quantity will increase.
Correct Answer C. The firm's profit-maximizing price and quantity will decrease.
D. The firm's profit-maximizing price will increase, but quantity will decrease.
Correct Answer
C
Correct Option:
The firm's profit-maximizing price and quantity will decrease.

About This Question

This is Post Utme Delsu 2021 Commerce Question 16. It is one of the objective questions from the 2021 Post Utme Delsu Commerce examination.

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