Post Utme Veritas University 2025 Economics Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2025 Economics Objective / Multiple Choice
Question 2 POST_UTME_VERITAS_UNIVERSITY • 2025 • ECONOMICS • objective
Post Utme Veritas University 2025 Economics Question 2 diagram

In a perfectly competitive market, the supply curve is typically upward-sloping. What is the main reason for this?

Answer Options

Correct Answer A. Firms are willing to produce more at higher prices.
B. Firms are willing to produce less at lower prices.
C. Firms are willing to produce more at lower prices.
D. Firms are willing to produce less at higher prices.
Correct Answer
A
Correct Option:
Firms are willing to produce more at higher prices.

About This Question

This is Post Utme Veritas University 2025 Economics Question 2. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.

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