Post Utme Ui 2020 Economics Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Ui Economics examination.

Post Utme Ui 2020 Economics Objective / Multiple Choice

Question 27 POST_UTME_UI • 2020 • ECONOMICS • objective

A consumer's indifference curve is downward-sloping because it represents

Correct Answer A. a trade-off between two goods, with each additional unit of one good requiring a sacrifice of another good

B. a consumer's willingness to pay for a good, with higher indifference curves representing higher willingness to pay

C. a consumer's budget constraint, with each point on the curve representing a different combination of goods

D. a consumer's optimal consumption bundle, with each point on the curve representing a different combination of goods

Correct Answer

Correct Option:

a trade-off between two goods, with each additional unit of one good requiring a sacrifice of another good

This is Post Utme Ui 2020 Economics Question 27. It is one of the objective questions from the 2020 Post Utme Ui Economics examination.

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