Post Utme Bowen University 2018 Commerce Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2018 Commerce Objective / Multiple Choice

Question 26 POST_UTME_BOWEN_UNIVERSITY • 2018 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility implies that the demand curve for a firm's product will be:

Answer Options

Correct Answer A. A downward-sloping curve

B. A horizontal line

C. A vertical line

D. An upward-sloping curve

Correct Answer

Correct Option:

A downward-sloping curve

About This Question

This is Post Utme Bowen University 2018 Commerce Question 26. It is one of the objective questions from the 2018 Post Utme Bowen University Commerce examination.

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