Post Utme Esut 2017 Economics Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice

Question 9 POST_UTME_ESUT • 2017 • ECONOMICS • objective

A firm is faced with a perfectly elastic demand curve. If the firm increases its price, what will happen to its total revenue?

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

Correct Option:

Total revenue will decrease

This is Post Utme Esut 2017 Economics Question 9. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support