Post Utme Joseph Ayo Babalola University 2017 Commerce Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2017 Commerce Objective / Multiple Choice
Question 11 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • COMMERCE • objective

In a perfectly competitive market, the law of supply states that as the price of a commodity increases, the quantity supplied by firms will

Answer Options

A. increase
Correct Answer B. decrease
C. remain constant
D. move in the opposite direction
Correct Answer
B
Correct Option:
decrease

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Commerce Question 11. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

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