Waec 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Waec Economics examination. This question covers Economics .

Waec 2023 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 13 WAEC • 2023 • ECONOMICS • objective

When the marginal utility from the consumption of commodity X (MUx) is greater than the price of commodity X (Px), a rational consumer should

Answer Options

Correct Answer A. consume more of commodity X.
B. reduce consumption of commodity X.
C. consume the same quantity of commodity X.
D. strive to remain in disequilibrium.
Correct Answer
A
Correct Option:
consume more of commodity X.

About This Question

This is Waec 2023 Economics Question 13. It is one of the objective questions from the 2023 Waec Economics examination.

The question covers Economics .

Difficulty level: 2 .

View More Waec 2023 Economics Questions More Waec Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support