Post Utme Unilag 2023 Economics Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Unilag Economics examination.

Post Utme Unilag 2023 Economics Objective / Multiple Choice
Question 4 POST_UTME_UNILAG • 2023 • ECONOMICS • objective
Post Utme Unilag 2023 Economics Question 4 diagram

A monopolist faces a demand curve that is downward sloping and inelastic. Which of the following is a characteristic of the monopolist's supply curve?

Answer Options

Correct Answer A. The supply curve is upward sloping.
B. The supply curve is downward sloping.
C. The supply curve is horizontal.
D. The supply curve is perfectly elastic.
Correct Answer
A
Correct Option:
The supply curve is upward sloping.

About This Question

This is Post Utme Unilag 2023 Economics Question 4. It is one of the objective questions from the 2023 Post Utme Unilag Economics examination.

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