Post Utme Delsu 2021 Economics Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Delsu Economics examination.

Post Utme Delsu 2021 Economics Objective / Multiple Choice

Question 21 POST_UTME_DELSU • 2021 • ECONOMICS • objective

A firm faces a downward-sloping demand curve for its product. If the firm increases its price, what will happen to its total revenue?

A. Total revenue will increase

Correct Answer B. Total revenue will decrease

C. Total revenue will remain the same

D. Total revenue will increase at first, then decrease

Correct Answer

Correct Option:

Total revenue will decrease

This is Post Utme Delsu 2021 Economics Question 21. It is one of the objective questions from the 2021 Post Utme Delsu Economics examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support