Post Utme Eksu 2024 Economics Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Eksu Economics examination.

Post Utme Eksu 2024 Economics Objective / Multiple Choice
Question 33 POST_UTME_EKSU • 2024 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. What is the primary effect of an increase in the firm's fixed \costs?

Answer Options

A. Increase in price
B. Decrease in quantity supplied
C. Increase in quantity supplied
Correct Answer D. Decrease in price
Correct Answer
D
Correct Option:
Decrease in price

About This Question

This is Post Utme Eksu 2024 Economics Question 33. It is one of the objective questions from the 2024 Post Utme Eksu Economics examination.

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