Post Utme Greenfield University 2018 Economics Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2018 Economics Objective / Multiple Choice

Question 17 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. What is the likely effect of an increase in the firm's \costs on its supply curve?

Answer Options

A. The supply curve shifts to the left.

Correct Answer B. The supply curve shifts to the right.

C. The supply curve remains unchanged.

D. The supply curve becomes perfectly elastic.

Correct Answer

Correct Option:

The supply curve shifts to the right.

About This Question

This is Post Utme Greenfield University 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Greenfield University Economics examination.

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