Post Utme Rsu 2017 Commerce Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Rsu Commerce examination.

Post Utme Rsu 2017 Commerce Objective / Multiple Choice
Question 21 POST_UTME_RSU • 2017 • COMMERCE • objective

In a perfectly competitive market, the supply curve is perfectly elastic because the firm can easily increase its output by

Answer Options

A. increasing the price of its product
B. decreasing the price of its product
Correct Answer C. increasing the quantity of its product
D. decreasing the quantity of its product
Correct Answer
C
Correct Option:
increasing the quantity of its product

About This Question

This is Post Utme Rsu 2017 Commerce Question 21. It is one of the objective questions from the 2017 Post Utme Rsu Commerce examination.

View More Post Utme Rsu 2017 Commerce Questions More Post Utme Rsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support