Post Utme Esut 2022 Commerce Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Esut Commerce examination.

Post Utme Esut 2022 Commerce Objective / Multiple Choice
Question 6 POST_UTME_ESUT • 2022 • COMMERCE • objective

In a perfectly competitive market, the supply curve is horizontal and the demand curve is downward-sloping. If the market price falls from ₦100 to ₦80, what is the effect on the quantity supplied?

Answer Options

A. Quantity supplied increases
Correct Answer B. Quantity supplied decreases
C. Quantity supplied remains the same
D. Quantity supplied is unaffected
Correct Answer
B
Correct Option:
Quantity supplied decreases

About This Question

This is Post Utme Esut 2022 Commerce Question 6. It is one of the objective questions from the 2022 Post Utme Esut Commerce examination.

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