Post Utme Mountain Top University 2025 Commerce Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2025 Commerce Objective / Multiple Choice
Question 19 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

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

About This Question

This is Post Utme Mountain Top University 2025 Commerce Question 19. It is one of the objective questions from the 2025 Post Utme Mountain Top University Commerce examination.

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