Post Utme Unn 2025 Commerce Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Unn Commerce examination.

Post Utme Unn 2025 Commerce Objective / Multiple Choice
Question 6 POST_UTME_UNN • 2025 • COMMERCE • objective

In a perfectly competitive market, the supply curve is typically represented by a downward-sloping curve. Which of the following best describes the reason for this downward slope?

Answer Options

A. As the price of the good increases, the quantity supplied also increases.
Correct Answer B. As the price of the good increases, the quantity supplied decreases.
C. As the price of the good increases, the quantity supplied remains constant.
D. As the price of the good increases, the quantity supplied increases at a decreasing rate.
Correct Answer
B
Correct Option:
As the price of the good increases, the quantity supplied decreases.

About This Question

This is Post Utme Unn 2025 Commerce Question 6. It is one of the objective questions from the 2025 Post Utme Unn Commerce examination.

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