Post Utme Lead City University 2018 Economics Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2018 Economics Objective / Multiple Choice
Question 29 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ECONOMICS • objective
Post Utme Lead City University 2018 Economics Question 29 diagram

The diagram below represents a monopolistically competitive market. If the firm increases its price, what will happen to its quantity supplied?

Answer Options

A. Increase
Correct Answer B. Decrease
C. Remain the same
D. Become negative
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Lead City University 2018 Economics Question 29. It is one of the objective questions from the 2018 Post Utme Lead City University Economics examination.

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