Post Utme Ui 2021 Commerce Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Ui Commerce examination.

Post Utme Ui 2021 Commerce Objective / Multiple Choice
Question 1 POST_UTME_UI • 2021 • COMMERCE • objective

In a perfectly competitive market, the law of supply states that as the price of a good increases, the quantity supplied will

Answer Options

A. decrease
Correct Answer B. increase
C. remain constant
D. move in the opposite direction
Correct Answer
B
Correct Option:
increase

About This Question

This is Post Utme Ui 2021 Commerce Question 1. It is one of the objective questions from the 2021 Post Utme Ui Commerce examination.

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