Post Utme Achievers University 2023 Economics Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2023 Economics Objective / Multiple Choice
Question 31 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P + 5Y, where Q is the quantity demanded, P is the price, and Y is the income. If the price is ₦100 and the income is ₦5000, what is the quantity demanded?

Answer Options

A. 50
B. 75
Correct Answer C. 100
D. 125
Correct Answer
C
Correct Option:
100

About This Question

This is Post Utme Achievers University 2023 Economics Question 31. It is one of the objective questions from the 2023 Post Utme Achievers University Economics examination.

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