Post Utme Noun 2021 Economics Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Noun Economics examination.

Post Utme Noun 2021 Economics Objective / Multiple Choice
Question 39 POST_UTME_NOUN • 2021 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the firm wants to increase its revenue, what should it do?

Answer Options

A. Increase the price
Correct Answer B. Decrease the price
C. Keep the price the same
D. Increase the quantity supplied
Correct Answer
B
Correct Option:
Decrease the price

About This Question

This is Post Utme Noun 2021 Economics Question 39. It is one of the objective questions from the 2021 Post Utme Noun Economics examination.

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