Post Utme Mountain Top University 2019 Commerce Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2019 Commerce Objective / Multiple Choice
Question 16 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • COMMERCE • objective

In a perfectly competitive market, the law of supply dictates 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
B
Correct Option:
decrease

About This Question

This is Post Utme Mountain Top University 2019 Commerce Question 16. It is one of the objective questions from the 2019 Post Utme Mountain Top University Commerce examination.

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