Post Utme Unilag 2018 Commerce Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Unilag Commerce examination.

Post Utme Unilag 2018 Commerce Objective / Multiple Choice
Question 26 POST_UTME_UNILAG • 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 Unilag 2018 Commerce Question 26. It is one of the objective questions from the 2018 Post Utme Unilag Commerce examination.

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