Post Utme Joseph Ayo Babalola University 2024 Commerce Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2024 Commerce Objective / Multiple Choice
Question 11 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

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

Answer Options

Correct Answer A. diminishing returns
B. increasing costs
C. decreasing demand
D. increasing supply
Correct Answer
A
Correct Option:
diminishing returns

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Commerce Question 11. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

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