Post Utme Nile University 2017 Economics Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Nile University Economics examination.

Post Utme Nile University 2017 Economics Objective / Multiple Choice

Question 1 POST_UTME_NILE_UNIVERSITY • 2017 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a given supply curve. If the demand for the firm's product increases, what will happen to the firm's supply curve?

Answer Options

A. The supply curve will shift to the left.

B. The supply curve will shift to the right.

Correct Answer C. The supply curve will remain unchanged.

D. The supply curve will shift downwards.

Correct Answer

Correct Option:

The supply curve will remain unchanged.

About This Question

This is Post Utme Nile University 2017 Economics Question 1. It is one of the objective questions from the 2017 Post Utme Nile University Economics examination.

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