Post Utme Elizade University 2025 Commerce Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2025 Commerce Objective / Multiple Choice
Question 21 POST_UTME_ELIZADE_UNIVERSITY • 2025 • COMMERCE • objective

In a perfectly competitive market, the supply curve is horizontal and the demand curve is downward-sloping. What is the effect of an increase in the price of a complementary good on the supply curve of the market?

Answer Options

A. The supply curve shifts to the left.
Correct Answer B. The supply curve shifts to the right.
C. The supply curve remains unchanged.
D. The supply curve becomes vertical.
Correct Answer
B
Correct Option:
The supply curve shifts to the right.

About This Question

This is Post Utme Elizade University 2025 Commerce Question 21. It is one of the objective questions from the 2025 Post Utme Elizade University Commerce examination.

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