Post Utme Redeemers University 2018 Commerce Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2018 Commerce Objective / Multiple Choice
Question 26 POST_UTME_REDEEMERS_UNIVERSITY • 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

A. inelastic
B. elastic
C. unit elastic
Correct Answer D. perfectly inelastic
Correct Answer
D
Correct Option:
perfectly inelastic

About This Question

This is Post Utme Redeemers University 2018 Commerce Question 26. It is one of the objective questions from the 2018 Post Utme Redeemers University Commerce examination.

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