Post Utme Noun 2023 Economics Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice
Question 33 POST_UTME_NOUN • 2023 • ECONOMICS • objective

A monopolist is operating on the demand curve. If the demand curve shifts to the right, what will be the effect on the monopolist's price?

Answer Options

A. The price will increase.
Correct Answer B. The price will decrease.
C. The price will remain unchanged.
D. The price will shift downwards.
Correct Answer
B
Correct Option:
The price will decrease.

About This Question

This is Post Utme Noun 2023 Economics Question 33. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

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