Post Utme Achievers University 2021 Economics Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2021 Economics Objective / Multiple Choice
Question 36 POST_UTME_ACHIEVERS_UNIVERSITY • 2021 • ECONOMICS • objective

A monopolistically competitive firm's demand curve is downward-sloping because of the law of demand. Which of the following is NOT a reason for the law of demand?

Answer Options

Correct Answer A. As income increases, the demand for a normal good increases
B. As income decreases, the demand for a normal good decreases
C. As the price of a good increases, the quantity demanded decreases
D. As the price of a good decreases, the quantity demanded increases
Correct Answer
A
Correct Option:
As income increases, the demand for a normal good increases

About This Question

This is Post Utme Achievers University 2021 Economics Question 36. It is one of the objective questions from the 2021 Post Utme Achievers University Economics examination.

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