Post Utme Mountain Top University 2018 Commerce Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2018 Commerce Objective / Multiple Choice
Question 6 POST_UTME_MOUNTAIN_TOP_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. shift to the left
Correct Answer
B
Correct Option:
decrease

About This Question

This is Post Utme Mountain Top University 2018 Commerce Question 6. It is one of the objective questions from the 2018 Post Utme Mountain Top University Commerce examination.

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