Post Utme Lasu 2019 Commerce Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Lasu Commerce examination.

Post Utme Lasu 2019 Commerce Objective / Multiple Choice
Question 31 POST_UTME_LASU • 2019 • COMMERCE • objective

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

Answer Options

Correct Answer A. increase
B. decrease
C. remain constant
D. be unaffected
Correct Answer
A
Correct Option:
increase

About This Question

This is Post Utme Lasu 2019 Commerce Question 31. It is one of the objective questions from the 2019 Post Utme Lasu Commerce examination.

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