Post Utme Summit University 2025 Economics Question 22

Practice objective / multiple choice question 22 from the 2025 Post Utme Summit University Economics examination.

Post Utme Summit University 2025 Economics Objective / Multiple Choice
Question 22 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. What is the likely effect of an increase in the firm's fixed \costs?

Answer Options

A. Increase in price
Correct Answer B. Decrease in quantity supplied
C. Increase in quantity supplied
D. No change in price
Correct Answer
B
Correct Option:
Decrease in quantity supplied

About This Question

This is Post Utme Summit University 2025 Economics Question 22. It is one of the objective questions from the 2025 Post Utme Summit University Economics examination.

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