Post Utme Joseph Ayo Babalola University 2020 Economics Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2020 Economics Objective / Multiple Choice
Question 14 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

The concept of utility is central to the theory of consumer behavior. Which of the following is a characteristic of a normal good?

Answer Options

A. A good for which the demand curve slopes upward
B. A good for which the demand curve slopes downward
C. A good that is inferior
Correct Answer D. A good that is normal
Correct Answer
D
Correct Option:
A good that is normal

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Economics Question 14. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

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