Post Utme Aaua 2022 Commerce Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Aaua Commerce examination.

Post Utme Aaua 2022 Commerce Objective / Multiple Choice
Question 36 POST_UTME_AAUA • 2022 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility implies that the demand curve for a firm's product is likely to be

Answer Options

A. inelastic
Correct Answer B. elastic
C. unit elastic
D. perfectly inelastic
Correct Answer
B
Correct Option:
elastic

About This Question

This is Post Utme Aaua 2022 Commerce Question 36. It is one of the objective questions from the 2022 Post Utme Aaua Commerce examination.

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