Post Utme Noun 2017 Economics Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Noun Economics examination.

Post Utme Noun 2017 Economics Objective / Multiple Choice
Question 16 POST_UTME_NOUN • 2017 • ECONOMICS • objective

A monopolist faces a downward-sloping demand curve. If the demand curve shifts to the right, what will happen to the monopolist's equilibrium price and quantity?

Answer Options

A. The equilibrium price will increase, and the equilibrium quantity will decrease.
Correct Answer B. The equilibrium price will decrease, and the equilibrium quantity will increase.
C. The equilibrium price will remain the same, and the equilibrium quantity will increase.
D. The equilibrium price will increase, and the equilibrium quantity will increase.
Correct Answer
B
Correct Option:
The equilibrium price will decrease, and the equilibrium quantity will increase.

About This Question

This is Post Utme Noun 2017 Economics Question 16. It is one of the objective questions from the 2017 Post Utme Noun Economics examination.

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