Post Utme Esut 2024 Commerce Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Esut Commerce examination.

Post Utme Esut 2024 Commerce Objective / Multiple Choice
Question 6 POST_UTME_ESUT • 2024 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing

Answer Options

Correct Answer A. diminishing returns
B. increasing costs
C. decreasing demand
D. constant prices
Correct Answer
A
Correct Option:
diminishing returns

About This Question

This is Post Utme Esut 2024 Commerce Question 6. It is one of the objective questions from the 2024 Post Utme Esut Commerce examination.

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