Post Utme Pan Atlantic University 2018 Commerce Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2018 Commerce Objective / Multiple Choice
Question 35 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • COMMERCE • objective

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

Answer Options

A. decrease
Correct Answer B. increase
C. remain constant
D. move in the opposite direction
Correct Answer
B
Correct Option:
increase

About This Question

This is Post Utme Pan Atlantic University 2018 Commerce Question 35. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Commerce examination.

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