Post Utme Oau 2017 Economics Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Oau Economics examination.

Post Utme Oau 2017 Economics Objective / Multiple Choice
Question 40 POST_UTME_OAU • 2017 • ECONOMICS • objective

A firm is considering a new product line. If the firm's demand curve is elastic, what will be the effect on the firm's revenue?

Answer Options

Correct Answer A. Revenue will increase.
B. Revenue will decrease.
C. Revenue will remain unchanged.
D. The effect on revenue is uncertain.
Correct Answer
A
Correct Option:
Revenue will increase.

About This Question

This is Post Utme Oau 2017 Economics Question 40. It is one of the objective questions from the 2017 Post Utme Oau Economics examination.

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