Post Utme Veritas University 2025 Economics Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2025 Economics Objective / Multiple Choice
Question 3 POST_UTME_VERITAS_UNIVERSITY • 2025 • ECONOMICS • objective
Post Utme Veritas University 2025 Economics Question 3 diagram

A consumer's indifference curve is typically downward-sloping. What is the main reason for this?

Answer Options

Correct Answer A. The consumer is willing to give up more of one good to get more of another good.
B. The consumer is willing to give up less of one good to get more of another good.
C. The consumer is indifferent to the trade-off between the two goods.
D. The consumer is willing to give up the same amount of one good to get more of another good.
Correct Answer
A
Correct Option:
The consumer is willing to give up more of one good to get more of another good.

About This Question

This is Post Utme Veritas University 2025 Economics Question 3. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.

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