Post Utme Caleb University 2019 Economics Question 28
Practice objective / multiple choice question 28 from the 2019 Post Utme Caleb University Economics examination.
A consumer's budget constraint is given by the equation P1x + P2y = I, where x and y are the quantities of two goods, P1 and P2 are their prices, and I is the consumer's income. If the consumer's income is ₦1,000, the price of good x is ₦200, and the price of good y is ₦300, what is the consumer's budget line?
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About This Question
This is Post Utme Caleb University 2019 Economics Question 28. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.
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