Post Utme Caleb University 2022 Commerce Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2022 Commerce Objective / Multiple Choice
Question 26 POST_UTME_CALEB_UNIVERSITY • 2022 • 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. Vertical
B. Horizontal
C. Inclined
Correct Answer D. U-shaped
Correct Answer
D
Correct Option:
U-shaped

About This Question

This is Post Utme Caleb University 2022 Commerce Question 26. It is one of the objective questions from the 2022 Post Utme Caleb University Commerce examination.

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