Post Utme Futo 2017 Commerce Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Futo Commerce examination.

Post Utme Futo 2017 Commerce Objective / Multiple Choice

Question 16 POST_UTME_FUTO • 2017 • COMMERCE • objective

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

Correct Answer A. Firms are willing to supply more at a higher price

B. Firms are willing to supply less at a lower price

C. Firms are willing to supply more at a lower price

D. Firms are willing to supply less at a higher price

Correct Answer

Correct Option:

Firms are willing to supply more at a higher price

This is Post Utme Futo 2017 Commerce Question 16. It is one of the objective questions from the 2017 Post Utme Futo Commerce examination.

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