Post Utme Lead City University 2018 Commerce Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2018 Commerce Objective / Multiple Choice

Question 1 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • COMMERCE • objective

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

Answer Options

A. increase

Correct Answer B. decrease

C. remain constant

D. move in the opposite direction

Correct Answer

Correct Option:

decrease

About This Question

This is Post Utme Lead City University 2018 Commerce Question 1. It is one of the objective questions from the 2018 Post Utme Lead City University Commerce examination.

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