Post Utme Afe Babalola University 2024 Economics Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2024 Economics Objective / Multiple Choice
Question 27 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer is faced with a budget constraint of $100 and a price of $20 for a particular good. Which of the following is a likely consequence of this situation?

Answer Options

A. The consumer will buy 4 units of the good.
B. The consumer will buy 3 units of the good.
Correct Answer C. The consumer will buy 2 units of the good.
D. The consumer will not buy any units of the good.
Correct Answer
C
Correct Option:
The consumer will buy 2 units of the good.

About This Question

This is Post Utme Afe Babalola University 2024 Economics Question 27. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Economics examination.

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