Post Utme Rsu 2017 Economics Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Rsu Economics examination.

Post Utme Rsu 2017 Economics Objective / Multiple Choice
Question 17 POST_UTME_RSU • 2017 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. If the firm increases its price, what will happen to its quantity demanded?

Answer Options

A. Increase in quantity demanded
Correct Answer B. Decrease in quantity demanded
C. No change in quantity demanded
D. Increase in price
Correct Answer
B
Correct Option:
Decrease in quantity demanded

About This Question

This is Post Utme Rsu 2017 Economics Question 17. It is one of the objective questions from the 2017 Post Utme Rsu Economics examination.

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