Post Utme Unn 2025 Commerce Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Unn Commerce examination.

Post Utme Unn 2025 Commerce Objective / Multiple Choice
Question 26 POST_UTME_UNN • 2025 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility implies that the demand curve for a firm's product is likely to be:

Answer Options

A. Inelastic
B. Unit Elastic
Correct Answer C. Perfectly Elastic
D. Not Related to the Law of Diminishing Marginal Utility
Correct Answer
C
Correct Option:
Perfectly Elastic

About This Question

This is Post Utme Unn 2025 Commerce Question 26. It is one of the objective questions from the 2025 Post Utme Unn Commerce examination.

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