Post Utme Rsu 2023 Economics Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice
Question 12 POST_UTME_RSU • 2023 • ECONOMICS • objective

A firm faces a downward-sloping demand curve and a fixed \cost of production. If the firm increases its price, what will happen to its total revenue?

Answer Options

A. Total revenue will increase
Correct Answer B. Total revenue will decrease
C. Total revenue will remain cons\tant
D. Total revenue will increase at a decrea\sing rate
Correct Answer
B
Correct Option:
Total revenue will decrease

About This Question

This is Post Utme Rsu 2023 Economics Question 12. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

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