Post Utme Unilorin 2025 Economics Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2025 Economics Objective / Multiple Choice
Question 1 POST_UTME_UNILORIN • 2025 • ECONOMICS • objective

Consider a perfectly competitive market with a large number of firms producing a homogeneous product. If the market price falls by 10%, what will be the percentage change in the quantity supplied?

Answer Options

A. 0%
B. 5%
C. 10%
Correct Answer D. 15%
Correct Answer
D
Correct Option:
15%

About This Question

This is Post Utme Unilorin 2025 Economics Question 1. It is one of the objective questions from the 2025 Post Utme Unilorin Economics examination.

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