Post Utme Afe Babalola University 2021 Economics Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2021 Economics Objective / Multiple Choice

Question 24 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's demand function is given by Q = 100 - 2P. The consumer's income is ₦1000. Find the consumer's optimal price and quantity.

Answer Options

Correct Answer A. P = 40, Q = 60

B. P = 30, Q = 70

C. P = 20, Q = 80

D. P = 50, Q = 50

Correct Answer

Correct Option:

P = 40, Q = 60

About This Question

This is Post Utme Afe Babalola University 2021 Economics Question 24. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.

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