Post Utme Greenfield University 2024 Commerce Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2024 Commerce Objective / Multiple Choice
Question 1 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • COMMERCE • objective

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

Answer Options

A. Firms are risk-averse and want to earn higher profits
Correct Answer B. Firms are willing to supply more at a higher price
C. Firms are willing to supply less at a lower price
D. Firms are willing to supply more at a lower price
Correct Answer
B
Correct Option:
Firms are willing to supply more at a higher price

About This Question

This is Post Utme Greenfield University 2024 Commerce Question 1. It is one of the objective questions from the 2024 Post Utme Greenfield University Commerce examination.

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