Post Utme Ksu 2023 Economics Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Ksu Economics examination.

Post Utme Ksu 2023 Economics Objective / Multiple Choice

Question 6 POST_UTME_KSU • 2023 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. If the firm increases its price, what will happen to its total revenue?

A. Total revenue will increase

Correct Answer B. Total revenue will decrease

C. Total revenue will remain unchanged

D. Total revenue will increase initially but then decrease

Correct Answer

Correct Option:

Total revenue will decrease

This is Post Utme Ksu 2023 Economics Question 6. It is one of the objective questions from the 2023 Post Utme Ksu Economics examination.

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