Post Utme Lasu 2021 Economics Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Lasu Economics examination.

Post Utme Lasu 2021 Economics Objective / Multiple Choice

Question 6 POST_UTME_LASU • 2021 • 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?

Correct Answer A. Total revenue will decrease

B. Total revenue will increase

C. Total revenue will remain unchanged

D. Total revenue will be unaffected

Correct Answer

Correct Option:

Total revenue will decrease

This is Post Utme Lasu 2021 Economics Question 6. It is one of the objective questions from the 2021 Post Utme Lasu Economics examination.

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