Post Utme Ksu 2024 Economics Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Ksu Economics examination.

Post Utme Ksu 2024 Economics Objective / Multiple Choice
Question 37 POST_UTME_KSU • 2024 • ECONOMICS • objective

A monopolist faces a downward-sloping demand curve. If the demand curve shifts to the right, what will happen to the monopolist's profit-maximizing price?

Answer Options

A. The price will increase
Correct Answer B. The price will decrease
C. The price will remain the same
D. The price will fluctuate
Correct Answer
B
Correct Option:
The price will decrease

About This Question

This is Post Utme Ksu 2024 Economics Question 37. It is one of the objective questions from the 2024 Post Utme Ksu Economics examination.

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