Post Utme Esut 2017 Economics Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice
Question 6 POST_UTME_ESUT • 2017 • ECONOMICS • objective

A monopolistically competitive firm is faced with a downward-sloping demand curve. If the firm increases its price, what will happen to its total revenue?

Answer Options

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
B
Correct Option:
Total revenue will decrease

About This Question

This is Post Utme Esut 2017 Economics Question 6. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

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