Post Utme Unilag 2023 Economics Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Unilag Economics examination.

Post Utme Unilag 2023 Economics Objective / Multiple Choice
Question 1 POST_UTME_UNILAG • 2023 • ECONOMICS • objective

A consumer's indifference curve is downward sloping and convex to the origin. Which of the following statements is true about the consumer's preferences?

Answer Options

A. The consumer prefers more of good X to less of good X.
Correct Answer B. The consumer is indifferent between good X and good Y.
C. The consumer prefers more of good Y to less of good Y.
D. The consumer prefers good X to good Y.
Correct Answer
B
Correct Option:
The consumer is indifferent between good X and good Y.

About This Question

This is Post Utme Unilag 2023 Economics Question 1. It is one of the objective questions from the 2023 Post Utme Unilag Economics examination.

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