Post Utme Covenant University 2025 Economics Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2025 Economics Objective / Multiple Choice
Question 12 POST_UTME_COVENANT_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer's indifference curve is downward-sloping. What does this indicate about the consumer's preferences?

Answer Options

Correct Answer A. The consumer is willing to trade off one good for another
B. The consumer has a fixed budget constraint
C. The consumer is indifferent between the two goods
D. The consumer has a perfect substitute for one good
Correct Answer
A
Correct Option:
The consumer is willing to trade off one good for another

About This Question

This is Post Utme Covenant University 2025 Economics Question 12. It is one of the objective questions from the 2025 Post Utme Covenant University Economics examination.

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