Post Utme Eksu 2018 Commerce Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Eksu Commerce examination.

Post Utme Eksu 2018 Commerce Objective / Multiple Choice
Question 5 POST_UTME_EKSU • 2018 • COMMERCE • objective

A firm's demand curve is downward-sloping. What does this indicate about the firm's willingness to pay?

Answer Options

A. The firm is willing to pay a higher price
Correct Answer B. The firm is willing to pay a lower price
C. The firm's willingness to pay is unrelated to the demand curve
D. The firm is indifferent to the price
Correct Answer
B
Correct Option:
The firm is willing to pay a lower price

About This Question

This is Post Utme Eksu 2018 Commerce Question 5. It is one of the objective questions from the 2018 Post Utme Eksu Commerce examination.

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