Post Utme Unn 2020 Commerce Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Unn Commerce examination.

Post Utme Unn 2020 Commerce Objective / Multiple Choice
Question 1 POST_UTME_UNN • 2020 • COMMERCE • objective

In a perfectly competitive market, the law of supply states that the quantity of a good supplied is determined by the interaction of the following factors, EXCEPT:

Answer Options

A. Price of the good
B. Price of related goods
C. Price of inputs
Correct Answer D. Consumer preferences
Correct Answer
D
Correct Option:
Consumer preferences

About This Question

This is Post Utme Unn 2020 Commerce Question 1. It is one of the objective questions from the 2020 Post Utme Unn Commerce examination.

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