Post Utme Unilag 2024 Economics Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Unilag Economics examination.

Post Utme Unilag 2024 Economics Objective / Multiple Choice
Question 38 POST_UTME_UNILAG • 2024 • ECONOMICS • objective

A monopolist faces a downward-sloping demand curve. If the demand curve shifts to the right, what happens to the monopolist's revenue?

Answer Options

Correct Answer A. The monopolist's revenue increases.
B. The monopolist's revenue decreases.
C. The monopolist's revenue remains the same.
D. The monopolist's revenue increases, but at a decrea\sing rate.
Correct Answer
A
Correct Option:
The monopolist's revenue increases.

About This Question

This is Post Utme Unilag 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.

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