Post Utme Ksu 2020 Economics Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice
Question 11 POST_UTME_KSU • 2020 • 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 all goods. Which of the following goods is an exception to the law of diminishing marginal utility?

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 Ksu 2020 Economics Question 11. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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