Post Utme Uniosun 2022 Commerce Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2022 Commerce Objective / Multiple Choice
Question 6 POST_UTME_UNIOSUN • 2022 • COMMERCE • objective

In a perfectly competitive market, the law of supply states that as the price of a commodity increases, the quantity supplied will

Answer Options

A. increase
B. decrease
C. remain constant
Correct Answer D. move in the opposite direction of the price change
Correct Answer
D
Correct Option:
move in the opposite direction of the price change

About This Question

This is Post Utme Uniosun 2022 Commerce Question 6. It is one of the objective questions from the 2022 Post Utme Uniosun Commerce examination.

View More Post Utme Uniosun 2022 Commerce 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