Post Utme Joseph Ayo Babalola University 2019 Economics Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2019 Economics Objective / Multiple Choice
Question 36 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ECONOMICS • objective

A perfectly competitive market has a downward-sloping demand curve and a horizontal supply curve. If the market price falls from ₦100 to ₦80, what is the effect on the quantity supplied?

Answer Options

A. Increase
B. Decrease
Correct Answer C. No change
D. No effect
Correct Answer
C
Correct Option:
No change

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Economics Question 36. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

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