Post Utme Uniben 2022 Economics Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Uniben Economics examination.

Post Utme Uniben 2022 Economics Objective / Multiple Choice
Question 3 POST_UTME_UNIBEN • 2022 • ECONOMICS • objective

A monopolist's demand curve is downward sloping because of the?

Answer Options

Correct Answer A. Law of diminishing marginal utility
B. Law of increa\sing marginal utility
C. Law of diminishing marginal rate of substitution
D. Law of cons\tant marginal utility
Correct Answer
A
Correct Option:
Law of diminishing marginal utility

About This Question

This is Post Utme Uniben 2022 Economics Question 3. It is one of the objective questions from the 2022 Post Utme Uniben Economics examination.

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