Post Utme Nile University 2017 Commerce Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Nile University Commerce examination.

Post Utme Nile University 2017 Commerce Objective / Multiple Choice

Question 1 POST_UTME_NILE_UNIVERSITY • 2017 • COMMERCE • objective

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

Answer Options

A. a vertical line

B. a horizontal line

Correct Answer C. a downward-sloping line

D. an upward-sloping line

Correct Answer

Correct Option:

a downward-sloping line

About This Question

This is Post Utme Nile University 2017 Commerce Question 1. It is one of the objective questions from the 2017 Post Utme Nile University Commerce examination.

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