Post Utme Ui 2022 Commerce Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Ui Commerce examination.

Post Utme Ui 2022 Commerce Objective / Multiple Choice
Question 26 POST_UTME_UI • 2022 • 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 2022 Commerce Question 26. It is one of the objective questions from the 2022 Post Utme Ui Commerce examination.

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