Post Utme Mountain Top University 2025 Commerce Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2025 Commerce Objective / Multiple Choice
Question 18 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • COMMERCE • objective

The _______ of a firm refers to the ability of the firm to adjust its production levels in response to changes in demand

Answer Options

A. elasticity of demand
Correct Answer B. elasticity of supply
C. marginal cost
D. marginal revenue
Correct Answer
B
Correct Option:
elasticity of supply

About This Question

This is Post Utme Mountain Top University 2025 Commerce Question 18. It is one of the objective questions from the 2025 Post Utme Mountain Top University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support