Post Utme Elizade University 2023 Commerce Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2023 Commerce Objective / Multiple Choice
Question 39 POST_UTME_ELIZADE_UNIVERSITY • 2023 • COMMERCE • objective

In a perfectly competitive market, the law of supply states that as the price of a commodity increases, the quantity supplied will

Answer Options

A. increase
Correct Answer B. decrease
C. remain constant
D. move in the opposite direction
Correct Answer
B
Correct Option:
decrease

About This Question

This is Post Utme Elizade University 2023 Commerce Question 39. It is one of the objective questions from the 2023 Post Utme Elizade University Commerce examination.

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