Post Utme Eksu 2025 Commerce Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Eksu Commerce examination.

Post Utme Eksu 2025 Commerce Objective / Multiple Choice
Question 26 POST_UTME_EKSU • 2025 • COMMERCE • objective

In a perfectly competitive market, the supply curve is perfectly elastic, and the demand curve is downward sloping. What is the effect of an increase in the price of a commodity on the quantity supplied?

Answer Options

A. The quantity supplied increases
Correct Answer B. The quantity supplied decreases
C. The quantity supplied remains unchanged
D. The quantity supplied increases initially but then decreases
Correct Answer
B
Correct Option:
The quantity supplied decreases

About This Question

This is Post Utme Eksu 2025 Commerce Question 26. It is one of the objective questions from the 2025 Post Utme Eksu Commerce examination.

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