Post Utme Uniport 2019 Economics Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Uniport Economics examination.

Post Utme Uniport 2019 Economics Objective / Multiple Choice
Question 19 POST_UTME_UNIPORT • 2019 • ECONOMICS • objective

A firm is operating in a monopoly market. If the firm's demand curve is downward sloping, what will be the effect on the firm's price?

Answer Options

A. The price will increase.
Correct Answer B. The price will decrease.
C. The price will remain unchanged.
D. The effect on the price is ambiguous.
Correct Answer
B
Correct Option:
The price will decrease.

About This Question

This is Post Utme Uniport 2019 Economics Question 19. It is one of the objective questions from the 2019 Post Utme Uniport Economics examination.

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