Post Utme Abu 2019 Commerce Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Abu Commerce examination.

Post Utme Abu 2019 Commerce Objective / Multiple Choice
Question 31 POST_UTME_ABU • 2019 • 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. Vertical
B. Horizontal
C. Inclined
Correct Answer D. U-shaped
Correct Answer
D
Correct Option:
U-shaped

About This Question

This is Post Utme Abu 2019 Commerce Question 31. It is one of the objective questions from the 2019 Post Utme Abu Commerce examination.

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