Post Utme Summit University 2020 Commerce Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Summit University Commerce examination.

Post Utme Summit University 2020 Commerce Objective / Multiple Choice
Question 21 POST_UTME_SUMMIT_UNIVERSITY • 2020 • COMMERCE • objective

In a competitive market, a firm's demand curve is downward-sloping. What is the likely effect of an increase in the firm's fixed costs on its supply curve?

Answer Options

A. The supply curve shifts to the left.
Correct Answer B. The supply curve shifts to the right.
C. The supply curve remains unchanged.
D. The supply curve becomes perfectly elastic.
Correct Answer
B
Correct Option:
The supply curve shifts to the right.

About This Question

This is Post Utme Summit University 2020 Commerce Question 21. It is one of the objective questions from the 2020 Post Utme Summit University Commerce examination.

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