Post Utme Summit University 2020 Economics Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Summit University Economics examination.

Post Utme Summit University 2020 Economics Objective / Multiple Choice
Question 9 POST_UTME_SUMMIT_UNIVERSITY • 2020 • ECONOMICS • objective

A monopolistically competitive firm's demand curve shifts to the left due to an increase in the number of firms in the industry. What is the name of this phenomenon?

Answer Options

A. The Law of Supply
B. The Law of Demand
Correct Answer C. The Kinked Demand Curve
D. The Firm's Short-Run Supply Curve
Correct Answer
C
Correct Option:
The Kinked Demand Curve

About This Question

This is Post Utme Summit University 2020 Economics Question 9. It is one of the objective questions from the 2020 Post Utme Summit University Economics examination.

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