Post Utme Rhema University 2022 Commerce Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2022 Commerce Objective / Multiple Choice

Question 21 POST_UTME_RHEMA_UNIVERSITY • 2022 • COMMERCE • objective

In a competitive market, a firm's demand curve is downward sloping. If the firm increases its price, what will happen to its revenue?

Answer Options

A. Revenue will increase

Correct Answer B. Revenue will decrease

C. Revenue will remain the same

D. Revenue will fluctuate

Correct Answer

Correct Option:

Revenue will decrease

About This Question

This is Post Utme Rhema University 2022 Commerce Question 21. It is one of the objective questions from the 2022 Post Utme Rhema University Commerce examination.

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