Post Utme Esut 2022 Commerce Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Esut Commerce examination.

Post Utme Esut 2022 Commerce Objective / Multiple Choice
Question 31 POST_UTME_ESUT • 2022 • COMMERCE • objective

In a competitive market, a firm's demand curve is downward sloping. 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 and then decrease
Correct Answer
B
Correct Option:
Total revenue will decrease

About This Question

This is Post Utme Esut 2022 Commerce Question 31. It is one of the objective questions from the 2022 Post Utme Esut Commerce examination.

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