Post Utme Ui 2017 Economics Question 41

Practice objective / multiple choice question 41 from the 2017 Post Utme Ui Economics examination.

Post Utme Ui 2017 Economics Objective / Multiple Choice
Question 41 POST_UTME_UI • 2017 • ECONOMICS • objective

A monopolistically competitive firm faces a downward-sloping demand curve. If the firm increases its price, what will happen to its quantity demanded?

Answer Options

A. The quantity demanded will increase.
Correct Answer B. The quantity demanded will decrease.
C. The quantity demanded will remain the same.
D. The quantity demanded will fluctuate.
Correct Answer
B
Correct Option:
The quantity demanded will decrease.

About This Question

This is Post Utme Ui 2017 Economics Question 41. It is one of the objective questions from the 2017 Post Utme Ui Economics examination.

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