Post Utme Ui 2022 Economics Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Ui Economics examination.

Post Utme Ui 2022 Economics Objective / Multiple Choice
Question 8 POST_UTME_UI • 2022 • ECONOMICS • objective

A monopolistically competitive firm is operating in a market with a large number of firms. If the firm increases its price, what is the likely effect on its demand?

Answer Options

A. Increase in demand
Correct Answer B. Decrease in demand
C. No impact on demand
D. Increase in supply
Correct Answer
B
Correct Option:
Decrease in demand

About This Question

This is Post Utme Ui 2022 Economics Question 8. It is one of the objective questions from the 2022 Post Utme Ui Economics examination.

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