Post Utme Ui 2020 Commerce Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Ui Commerce examination.

Post Utme Ui 2020 Commerce Objective / Multiple Choice
Question 31 POST_UTME_UI • 2020 • COMMERCE • objective

In a perfectly competitive market, the supply curve is horizontal and the demand curve is downward sloping. What is the effect of an increase in the price of a complementary good on the demand curve for the good in question?

Answer Options

A. The demand curve shifts to the left.
Correct Answer B. The demand curve shifts to the right.
C. The demand curve remains unchanged.
D. The demand curve shifts downward.
Correct Answer
B
Correct Option:
The demand curve shifts to the right.

About This Question

This is Post Utme Ui 2020 Commerce Question 31. It is one of the objective questions from the 2020 Post Utme Ui Commerce examination.

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