Post Utme Greenfield University 2019 Economics Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2019 Economics Objective / Multiple Choice
Question 11 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. If the firm increases its price, what will happen to its total revenue?

Answer Options

A. Total revenue will increase
Correct Answer B. Total revenue will decrease
C. Total revenue will remain unchanged
D. Total revenue will increase at first, then decrease
Correct Answer
B
Correct Option:
Total revenue will decrease

About This Question

This is Post Utme Greenfield University 2019 Economics Question 11. It is one of the objective questions from the 2019 Post Utme Greenfield University Economics examination.

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