Post Utme Ui 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Ui Economics examination.

Post Utme Ui 2021 Economics Objective / Multiple Choice
Question 18 POST_UTME_UI • 2021 • ECONOMICS • objective

A consumer's indifference curve is downward-sloping because of the law of diminishing marginal utility. Which of the following is NOT a reason for the law of diminishing marginal utility?

Answer Options

A. Increase in the consumer's income
B. Increase in the price of the good
C. Increase in the consumer's wealth
Correct Answer D. Decrease in the consumer's income
Correct Answer
D
Correct Option:
Decrease in the consumer's income

About This Question

This is Post Utme Ui 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Ui Economics examination.

View More Post Utme Ui 2021 Economics Questions More Post Utme Ui Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support