Post Utme Summit University 2017 Commerce Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Summit University Commerce examination.

Post Utme Summit University 2017 Commerce Objective / Multiple Choice
Question 3 POST_UTME_SUMMIT_UNIVERSITY • 2017 • COMMERCE • objective

A firm's demand curve is downward-sloping because of the law of

Answer Options

Correct Answer A. diminishing marginal utility
B. increasing marginal cost
C. decreasing marginal revenue
D. constant price elasticity
Correct Answer
A
Correct Option:
diminishing marginal utility

About This Question

This is Post Utme Summit University 2017 Commerce Question 3. It is one of the objective questions from the 2017 Post Utme Summit University Commerce examination.

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