Post Utme Eksu 2018 Economics Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Eksu Economics examination.

Post Utme Eksu 2018 Economics Objective / Multiple Choice
Question 11 POST_UTME_EKSU • 2018 • ECONOMICS • objective

The law of diminishing marginal utility states that as the quantity of a good consumed increases, the marginal utility derived from each additional unit of the good decreases. However, this law does not apply to which of the following goods?

Answer Options

Correct Answer A. Giffen goods
B. Normal goods
C. Inferior goods
D. Luxury goods
Correct Answer
A
Correct Option:
Giffen goods

About This Question

This is Post Utme Eksu 2018 Economics Question 11. It is one of the objective questions from the 2018 Post Utme Eksu Economics examination.

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