Post Utme Pan Atlantic University 2019 Commerce Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2019 Commerce Objective / Multiple Choice
Question 36 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 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. 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 2019 Commerce Question 36. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Commerce examination.

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