Post Utme Lautech 2018 Commerce Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Lautech Commerce examination.

Post Utme Lautech 2018 Commerce Objective / Multiple Choice
Question 18 POST_UTME_LAUTECH • 2018 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility implies that the demand curve for a firm's product is:

Answer Options

Correct Answer A. A downward-sloping curve
B. A horizontal line
C. A vertical line
D. An upward-sloping curve
Correct Answer
A
Correct Option:
A downward-sloping curve

About This Question

This is Post Utme Lautech 2018 Commerce Question 18. It is one of the objective questions from the 2018 Post Utme Lautech Commerce examination.

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