Post Utme Caleb University 2018 Economics Question 32
Practice objective / multiple choice question 32 from the 2018 Post Utme Caleb University Economics examination.
A country's import demand function is given by M = 100 - 2P + 3Y, where M is imports, P is price, and Y is income. If the price of imports increases by 10% and income increases by 5%, what is the percentage change in imports?
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About This Question
This is Post Utme Caleb University 2018 Economics Question 32. It is one of the objective questions from the 2018 Post Utme Caleb University Economics examination.
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