Post Utme Uniosun 2025 Economics Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2025 Economics Objective / Multiple Choice

Question 31 POST_UTME_UNIOSUN • 2025 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a downward-sloping demand curve. If the firm experiences a decrease in the price elasticity of demand, what will be the effect on the firm's optimal output?

Answer Options

A. Increase in optimal output

Correct Answer B. Decrease in optimal output

C. No change in optimal output

D. Increase in price

Correct Answer

Correct Option:

Decrease in optimal output

About This Question

This is Post Utme Uniosun 2025 Economics Question 31. It is one of the objective questions from the 2025 Post Utme Uniosun Economics examination.

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