Post Utme Summit University 2021 Commerce Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Summit University Commerce examination.

Post Utme Summit University 2021 Commerce Objective / Multiple Choice

Question 21 POST_UTME_SUMMIT_UNIVERSITY • 2021 • COMMERCE • objective

In a competitive market, a firm's demand curve is downward sloping. What is the likely effect on the firm's total revenue?

Answer Options

A. Total revenue increases

Correct Answer B. Total revenue decreases

C. Total revenue remains constant

D. Total revenue is unaffected

Correct Answer

Correct Option:

Total revenue decreases

About This Question

This is Post Utme Summit University 2021 Commerce Question 21. It is one of the objective questions from the 2021 Post Utme Summit University Commerce examination.

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