Post Utme Osustech 2019 Commerce Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Osustech Commerce examination.

Post Utme Osustech 2019 Commerce Objective / Multiple Choice
Question 21 POST_UTME_OSUSTECH • 2019 • COMMERCE • objective

In a perfectly competitive market, the law of supply states that as the price of a commodity increases, the quantity supplied will

Answer Options

A. increase
Correct Answer B. decrease
C. remain the same
D. become elastic
Correct Answer
B
Correct Option:
decrease

About This Question

This is Post Utme Osustech 2019 Commerce Question 21. It is one of the objective questions from the 2019 Post Utme Osustech Commerce examination.

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