Post Utme Osustech 2023 Commerce Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Osustech Commerce examination.

Post Utme Osustech 2023 Commerce Objective / Multiple Choice

Question 31 POST_UTME_OSUSTECH • 2023 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing

Answer Options

Correct Answer A. diminishing returns

B. increasing costs

C. decreasing demand

D. increasing supply

Correct Answer

Correct Option:

diminishing returns

About This Question

This is Post Utme Osustech 2023 Commerce Question 31. It is one of the objective questions from the 2023 Post Utme Osustech Commerce examination.

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