Post Utme Madonna University 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2017 Economics Objective / Multiple Choice
Question 29 POST_UTME_MADONNA_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's marginal revenue curve is downward sloping. What does this imply about the firm's demand curve?

Answer Options

Correct Answer A. The demand curve is downward sloping.
B. The demand curve is upward sloping.
C. The demand curve is horizontal.
D. The demand curve is vertical.
Correct Answer
A
Correct Option:
The demand curve is downward sloping.

About This Question

This is Post Utme Madonna University 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Madonna University Economics examination.

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