Post Utme Unn 2018 Commerce Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Unn Commerce examination.

Post Utme Unn 2018 Commerce Objective / Multiple Choice
Question 16 POST_UTME_UNN • 2018 • COMMERCE • objective

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

Answer Options

A. decreases
Correct Answer B. increases
C. remains constant
D. fluctuates
Correct Answer
B
Correct Option:
increases

About This Question

This is Post Utme Unn 2018 Commerce Question 16. It is one of the objective questions from the 2018 Post Utme Unn Commerce examination.

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