Post Utme Uniosun 2019 Economics Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2019 Economics Objective / Multiple Choice
Question 34 POST_UTME_UNIOSUN • 2019 • ECONOMICS • objective

A firm's demand curve is downward sloping, while its supply curve is upward sloping. What is the likely effect on the firm's profit?

Answer Options

A. Increase in profit
Correct Answer B. Decrease in profit
C. No change in profit
D. Uncertainty about profit
Correct Answer
B
Correct Option:
Decrease in profit

About This Question

This is Post Utme Uniosun 2019 Economics Question 34. It is one of the objective questions from the 2019 Post Utme Uniosun Economics examination.

View More Post Utme Uniosun 2019 Economics Questions More Post Utme Uniosun Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support