Post Utme Uniport 2021 Economics Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Uniport Economics examination.

Post Utme Uniport 2021 Economics Objective / Multiple Choice
Question 9 POST_UTME_UNIPORT • 2021 • ECONOMICS • objective

A firm is facing a downward-sloping demand curve. If the firm increases its price, what will happen to its total revenue?

Answer Options

A. Total revenue will increase
Correct Answer B. Total revenue will decrease
C. Total revenue will remain the same
D. Total revenue will increase at a decrea\sing rate
Correct Answer
B
Correct Option:
Total revenue will decrease

About This Question

This is Post Utme Uniport 2021 Economics Question 9. It is one of the objective questions from the 2021 Post Utme Uniport Economics examination.

View More Post Utme Uniport 2021 Economics Questions More Post Utme Uniport 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