Post Utme Bsu 2018 Economics Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Bsu Economics examination.

Post Utme Bsu 2018 Economics Objective / Multiple Choice
Question 9 POST_UTME_BSU • 2018 • ECONOMICS • objective

A consumer's demand function for a good is given by ( Q(p) = 100 - 2p ), where ( p ) is the price of the good. If the consumer's income is \( I = 100 \), find the value of ( p ) at which the consumer's demand is maximized.

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Bsu 2018 Economics Question 9. It is one of the objective questions from the 2018 Post Utme Bsu Economics examination.

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