Post Utme Achievers University 2025 Economics Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2025 Economics Objective / Multiple Choice
Question 23 POST_UTME_ACHIEVERS_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer in Nigeria has a budget of ₦5,000 and a demand curve for a good with the following equation: Qd = 100 - 2P. The consumer's income is ₦2,000, and the price of the good is ₦1,000. What is the consumer's optimal quantity of the good?

Answer Options

Correct Answer A. Q = 20
B. Q = 30
C. Q = 40
D. Q = 50
Correct Answer
A
Correct Option:
Q = 20

About This Question

This is Post Utme Achievers University 2025 Economics Question 23. It is one of the objective questions from the 2025 Post Utme Achievers University Economics examination.

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