Post Utme Noun 2017 Economics Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Noun Economics examination.

Post Utme Noun 2017 Economics Objective / Multiple Choice
Question 22 POST_UTME_NOUN • 2017 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. If the firm increases its price, what will happen to its quantity demanded?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Indeterminate
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Noun 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Noun Economics examination.

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