Post Utme Summit University 2018 Commerce Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Summit University Commerce examination.

Post Utme Summit University 2018 Commerce Objective / Multiple Choice
Question 26 POST_UTME_SUMMIT_UNIVERSITY • 2018 • COMMERCE • objective

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

Answer Options

A. increase
Correct Answer B. decrease
C. remain the same
D. move in the opposite direction
Correct Answer
B
Correct Option:
decrease

About This Question

This is Post Utme Summit University 2018 Commerce Question 26. It is one of the objective questions from the 2018 Post Utme Summit University Commerce examination.

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