Post Utme Greenfield University 2020 Economics Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2020 Economics Objective / Multiple Choice
Question 21 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • ECONOMICS • objective

A perfectly competitive market has a demand curve that is downward sloping. Which of the following is a characteristic of the demand curve in a perfectly competitive market?

Answer Options

A. It is upward sloping
Correct Answer B. It is downward sloping
C. It is horizontal
D. It is vertical
Correct Answer
B
Correct Option:
It is downward sloping

About This Question

This is Post Utme Greenfield University 2020 Economics Question 21. It is one of the objective questions from the 2020 Post Utme Greenfield University Economics examination.

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