Post Utme Osustech 2017 Commerce Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Osustech Commerce examination.

Post Utme Osustech 2017 Commerce Objective / Multiple Choice

Question 14 POST_UTME_OSUSTECH • 2017 • COMMERCE • objective

A firm's supply curve is upward-sloping, indicating that as the price of the good increases, the quantity supplied also increases. What is the likely reason for this?

Answer Options

A. The firm is a price-taker

Correct Answer B. The firm is a price-maker

C. The firm has a fixed cost

D. The firm has a variable cost

Correct Answer

Correct Option:

The firm is a price-maker

About This Question

This is Post Utme Osustech 2017 Commerce Question 14. It is one of the objective questions from the 2017 Post Utme Osustech Commerce examination.

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