Post Utme Ksu 2023 Commerce Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Ksu Commerce examination.

Post Utme Ksu 2023 Commerce Objective / Multiple Choice
Question 11 POST_UTME_KSU • 2023 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility leads to a decrease in the marginal utility of the last unit consumed. What is the consequence of this on the supply curve?

Answer Options

A. The supply curve shifts to the left.
Correct Answer B. The supply curve shifts to the right.
C. The supply curve remains unchanged.
D. The supply curve becomes vertical.
Correct Answer
B
Correct Option:
The supply curve shifts to the right.

About This Question

This is Post Utme Ksu 2023 Commerce Question 11. It is one of the objective questions from the 2023 Post Utme Ksu Commerce examination.

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