Post Utme Osustech 2020 Commerce Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Osustech Commerce examination.

Post Utme Osustech 2020 Commerce Objective / Multiple Choice
Question 16 POST_UTME_OSUSTECH • 2020 • 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. decrease
Correct Answer B. increase
C. remain constant
D. shift to the left
Correct Answer
B
Correct Option:
increase

About This Question

This is Post Utme Osustech 2020 Commerce Question 16. It is one of the objective questions from the 2020 Post Utme Osustech Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support