Post Utme Madonna University 2020 Commerce Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2020 Commerce Objective / Multiple Choice
Question 21 POST_UTME_MADONNA_UNIVERSITY • 2020 • COMMERCE • objective

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

Answer Options

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

About This Question

This is Post Utme Madonna University 2020 Commerce Question 21. It is one of the objective questions from the 2020 Post Utme Madonna University Commerce examination.

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