Post Utme Madonna University 2023 Commerce Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2023 Commerce Objective / Multiple Choice
Question 6 POST_UTME_MADONNA_UNIVERSITY • 2023 • 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. decrease
Correct Answer B. increase
C. remain constant
D. fluctuate
Correct Answer
B
Correct Option:
increase

About This Question

This is Post Utme Madonna University 2023 Commerce Question 6. It is one of the objective questions from the 2023 Post Utme Madonna University Commerce examination.

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