Post Utme Esut 2024 Commerce Question 16
Practice objective / multiple choice question 16 from the 2024 Post Utme Esut Commerce examination.
In a perfectly competitive market, the law of supply states that as the price of a good increases, the quantity supplied will also increase. However, this is not always the case. What is the name of the phenomenon that occurs when the quantity supplied decreases as the price increases?
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About This Question
This is Post Utme Esut 2024 Commerce Question 16. It is one of the objective questions from the 2024 Post Utme Esut Commerce examination.
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