Post Utme Igbinedion University 2019 Economics Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2019 Economics Objective / Multiple Choice
Question 32 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolistically competitive firm faces a market demand curve that is downward sloping. If the firm increases its price, what will happen to its quantity supplied?

Answer Options

A. The quantity supplied will increase
Correct Answer B. The quantity supplied will decrease
C. The quantity supplied will remain unchanged
D. The quantity supplied will be unaffected
Correct Answer
B
Correct Option:
The quantity supplied will decrease

About This Question

This is Post Utme Igbinedion University 2019 Economics Question 32. It is one of the objective questions from the 2019 Post Utme Igbinedion University Economics examination.

View More Post Utme Igbinedion University 2019 Economics Questions More Post Utme Igbinedion 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