Post Utme Veritas University 2024 Commerce Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2024 Commerce Objective / Multiple Choice
Question 16 POST_UTME_VERITAS_UNIVERSITY • 2024 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility is most relevant to the production of which of the following goods?

Answer Options

A. Giffen Goods
B. Normal Goods
Correct Answer C. Inferior Goods
D. Substitutes
Correct Answer
C
Correct Option:
Inferior Goods

About This Question

This is Post Utme Veritas University 2024 Commerce Question 16. It is one of the objective questions from the 2024 Post Utme Veritas University Commerce examination.

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