Utme 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Utme Economics examination. This question covers Economics .

Utme 2019 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 39 UTME • 2019 • ECONOMICS • objective

If a firm is faced with elastic supply curve, its revenue will

Answer Options

A. equal percentage change in price
Correct Answer B. increase by more than the percentage increase in price
C. double as a higher price
D. be supplied as a higher price
Correct Answer
B
Correct Option:
increase by more than the percentage increase in price

About This Question

This is Utme 2019 Economics Question 39. It is one of the objective questions from the 2019 Utme Economics examination.

The question covers Economics .

Difficulty level: 2 .

View More Utme 2019 Economics Questions More Utme Practice Questions Back to Questions

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