Post Utme Futo 2024 Commerce Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Futo Commerce examination.

Post Utme Futo 2024 Commerce Objective / Multiple Choice
Question 19 POST_UTME_FUTO • 2024 • COMMERCE • objective

A company's introduction to commerce involves understanding the concept of supply and demand. What is the law of supply?

Answer Options

A. The higher the price, the higher the quantity supplied
B. The lower the price, the higher the quantity supplied
Correct Answer C. The higher the price, the lower the quantity supplied
D. The lower the price, the lower the quantity supplied
Correct Answer
C
Correct Option:
The higher the price, the lower the quantity supplied

About This Question

This is Post Utme Futo 2024 Commerce Question 19. It is one of the objective questions from the 2024 Post Utme Futo Commerce examination.

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