Post Utme Skyline University 2022 Commerce Question 21

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

Post Utme Skyline University 2022 Commerce Objective / Multiple Choice
Question 21 POST_UTME_SKYLINE_UNIVERSITY • 2022 • COMMERCE • objective

In a perfectly competitive market, the supply curve is typically represented by the marginal cost curve. However, in a real-world scenario, the supply curve may shift due to various factors. Which of the following factors can cause the supply curve to shift?

Answer Options

Correct Answer A. Increase in production costs
B. Decrease in consumer demand
C. Increase in consumer demand
D. Increase in government regulations
Correct Answer
A
Correct Option:
Increase in production costs

About This Question

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

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