Post Utme Skyline University 2018 Commerce Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2018 Commerce Objective / Multiple Choice
Question 6 POST_UTME_SKYLINE_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. a vertical line
B. a horizontal line
Correct Answer C. a downward-sloping curve
D. an upward-sloping curve
Correct Answer
C
Correct Option:
a downward-sloping curve

About This Question

This is Post Utme Skyline University 2018 Commerce Question 6. It is one of the objective questions from the 2018 Post Utme Skyline University Commerce examination.

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