Post Utme Mountain Top University 2019 Commerce Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2019 Commerce Objective / Multiple Choice
Question 26 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • COMMERCE • objective

In a competitive market, a firm's demand curve is downward sloping. If the firm increases its price, what will happen to its total revenue?

Answer Options

A. Total revenue will increase
Correct Answer B. Total revenue will decrease
C. Total revenue will remain the same
D. Total revenue will be unaffected
Correct Answer
B
Correct Option:
Total revenue will decrease

About This Question

This is Post Utme Mountain Top University 2019 Commerce Question 26. It is one of the objective questions from the 2019 Post Utme Mountain Top University Commerce examination.

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