Post Utme Bowen University 2020 Commerce Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2020 Commerce Objective / Multiple Choice
Question 28 POST_UTME_BOWEN_UNIVERSITY • 2020 • COMMERCE • objective

A consumer's indifference curve is a graphical representation of the various combinations of two goods that the consumer is willing to buy at a given price. Which of the following is a correct property of an indifference curve?

Answer Options

Correct Answer A. An indifference curve is downward sloping
B. An indifference curve is upward sloping
C. An indifference curve is a straight line
D. An indifference curve is a circle
Correct Answer
A
Correct Option:
An indifference curve is downward sloping

About This Question

This is Post Utme Bowen University 2020 Commerce Question 28. It is one of the objective questions from the 2020 Post Utme Bowen University Commerce examination.

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