Post Utme Futa 2024 Commerce Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Futa Commerce examination.

Post Utme Futa 2024 Commerce Objective / Multiple Choice
Question 25 POST_UTME_FUTA • 2024 • COMMERCE • objective

In a perfectly competitive market, the supply curve is horizontal and the demand curve is downward-sloping. If the market price increases, what happens to the quantity supplied?

Answer Options

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

About This Question

This is Post Utme Futa 2024 Commerce Question 25. It is one of the objective questions from the 2024 Post Utme Futa Commerce examination.

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