Post Utme Redeemers University 2021 Commerce Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2021 Commerce Objective / Multiple Choice

Question 16 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • 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. a vertical line

B. a horizontal line

Correct Answer C. a downward-sloping curve

D. an upward-sloping curve

Correct Answer

Correct Option:

a downward-sloping curve

About This Question

This is Post Utme Redeemers University 2021 Commerce Question 16. It is one of the objective questions from the 2021 Post Utme Redeemers University Commerce examination.

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