Post Utme Afe Babalola University 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2017 Economics Objective / Multiple Choice
Question 32 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A country's import demand function is given by Qd = 100 - 2P + 5Y, where Qd is the quantity demanded, P is the price, and Y is the income. If the price is 60 and the income is 200, what is the quantity demanded?

Answer Options

A. 40
Correct Answer B. 50
C. 60
D. 70
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Afe Babalola University 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Economics examination.

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