Post Utme Rhema University 2024 Commerce Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2024 Commerce Objective / Multiple Choice
Question 16 POST_UTME_RHEMA_UNIVERSITY • 2024 • COMMERCE • objective

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

Answer Options

Correct Answer A. increase
B. decrease
C. remain constant
D. shift to the left
Correct Answer
A
Correct Option:
increase

About This Question

This is Post Utme Rhema University 2024 Commerce Question 16. It is one of the objective questions from the 2024 Post Utme Rhema University Commerce examination.

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