Post Utme Unilorin 2022 Commerce Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2022 Commerce Objective / Multiple Choice
Question 11 POST_UTME_UNILORIN • 2022 • COMMERCE • objective

In a perfectly competitive market, the law of supply states that the quantity of a good supplied is inversely related to its price. What is the slope of the supply curve?

Answer Options

Correct Answer A. -1
B. 1
C. 0
D. 2
Correct Answer
A
Correct Option:
-1

About This Question

This is Post Utme Unilorin 2022 Commerce Question 11. It is one of the objective questions from the 2022 Post Utme Unilorin Commerce examination.

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