Post Utme Uniben 2021 Economics Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Uniben Economics examination.

Post Utme Uniben 2021 Economics Objective / Multiple Choice
Question 11 POST_UTME_UNIBEN • 2021 • ECONOMICS • objective

A firm faces a downward-sloping demand curve for its product. If the firm increases its price, what will happen to its total revenue?

Answer Options

A. Total revenue will increase
Correct Answer B. Total revenue will decrease
C. Total revenue will remain the same
D. Total revenue will increase at first, then decrease
Correct Answer
B
Correct Option:
Total revenue will decrease

About This Question

This is Post Utme Uniben 2021 Economics Question 11. It is one of the objective questions from the 2021 Post Utme Uniben Economics examination.

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