Post Utme Greenfield University 2022 Commerce Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2022 Commerce Objective / Multiple Choice
Question 24 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • COMMERCE • objective

A firm's supply curve is upward sloping. What is the primary reason for this upward slope?

Answer Options

A. The firm's production costs are decreasing.
B. The firm's product is a complement to other products.
Correct Answer C. The firm's product is a substitute for other products.
D. The firm's product is a necessity.
Correct Answer
C
Correct Option:
The firm's product is a substitute for other products.

About This Question

This is Post Utme Greenfield University 2022 Commerce Question 24. It is one of the objective questions from the 2022 Post Utme Greenfield University Commerce examination.

View More Post Utme Greenfield University 2022 Commerce Questions More Post Utme Greenfield University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support