Post Utme Al Hikmah University 2018 Economics Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2018 Economics Objective / Multiple Choice
Question 8 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ECONOMICS • objective

The demand curve for a good is downward-sloping because

Answer Options

A. As the price of the good increases, consumers are willing to buy more of it
Correct Answer B. As the price of the good increases, consumers are willing to buy less of it
C. As the price of the good decreases, consumers are willing to buy more of it
D. As the price of the good decreases, consumers are willing to buy less of it
Correct Answer
B
Correct Option:
As the price of the good increases, consumers are willing to buy less of it

About This Question

This is Post Utme Al Hikmah University 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Economics examination.

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