Post Utme Al Hikmah University 2022 Economics Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2022 Economics Objective / Multiple Choice
Question 29 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's demand curve is downward sloping. What does this imply about the firm's willingness to pay for the good?

Answer Options

A. The firm is willing to pay a higher price for the good.
Correct Answer B. The firm is willing to pay a lower price for the good.
C. The firm is indifferent to the price of the good.
D. The firm is unwilling to pay any price for the good.
Correct Answer
B
Correct Option:
The firm is willing to pay a lower price for the good.

About This Question

This is Post Utme Al Hikmah University 2022 Economics Question 29. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.

View More Post Utme Al Hikmah University 2022 Economics Questions More Post Utme Al Hikmah University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support