Post Utme Al Hikmah University 2023 Economics Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2023 Economics Objective / Multiple Choice
Question 27 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • ECONOMICS • objective

A country's import demand function is given by M = 100 - 2P + 3Y. If the price of imports (P) is 50 and the country's income (Y) is 200, what is the quantity of imports 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 Al Hikmah University 2023 Economics Question 27. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Economics examination.

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