Post Utme Osustech 2023 Commerce Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Osustech Commerce examination.

Post Utme Osustech 2023 Commerce Objective / Multiple Choice
Question 36 POST_UTME_OSUSTECH • 2023 • COMMERCE • objective

In a perfectly competitive market, the supply curve is horizontal and the demand curve is downward-sloping. If the market price falls from ₦100 to ₦80, what is the effect on the quantity supplied?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Uncertain
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Osustech 2023 Commerce Question 36. It is one of the objective questions from the 2023 Post Utme Osustech Commerce examination.

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