Post Utme Unn 2022 Economics Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Unn Economics examination.

Post Utme Unn 2022 Economics Objective / Multiple Choice
Question 16 POST_UTME_UNN • 2022 • ECONOMICS • objective

A monopolistically competitive firm faces 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 unchanged
D. Total revenue will increase at first, then decrease
Correct Answer
B
Correct Option:
Total revenue will decrease

About This Question

This is Post Utme Unn 2022 Economics Question 16. It is one of the objective questions from the 2022 Post Utme Unn Economics examination.

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