Post Utme Bells University 2017 Economics Question 27
Practice objective / multiple choice question 27 from the 2017 Post Utme Bells University Economics examination.
A country's import demand function is given by M = 100 - 2P + 3Y, where M is imports, P is the price of the imported good, and Y is the country's income. If the price of the imported good increases by 10% and the country's income increases by 5%, what is the percentage change in imports?
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About This Question
This is Post Utme Bells University 2017 Economics Question 27. It is one of the objective questions from the 2017 Post Utme Bells University Economics examination.
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