Post Utme Futa 2020 Economics Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Futa Economics examination.

Post Utme Futa 2020 Economics Objective / Multiple Choice

Question 24 POST_UTME_FUTA • 2020 • ECONOMICS • objective

A firm is facing a downward-sloping demand curve. If the firm increases its production, what will happen to the price and quantity?

A. Price will increase and quantity will increase

B. Price will decrease and quantity will increase

C. Price will remain the same and quantity will increase

Correct Answer D. Price will increase and quantity will decrease

Correct Answer

Correct Option:

Price will increase and quantity will decrease

This is Post Utme Futa 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Futa Economics examination.

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