Post Utme Babcock University 2019 Commerce Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2019 Commerce Objective / Multiple Choice
Question 35 POST_UTME_BABCOCK_UNIVERSITY • 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. Inelastic
B. Unit Elastic
C. Perfectly Elastic
Correct Answer D. None of the above
Correct Answer
D
Correct Option:
None of the above

About This Question

This is Post Utme Babcock University 2019 Commerce Question 35. It is one of the objective questions from the 2019 Post Utme Babcock University Commerce examination.

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