Post Utme Caleb University 2025 Economics Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2025 Economics Objective / Multiple Choice
Question 3 POST_UTME_CALEB_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 12, where x is the quantity of good x and y is the quantity of good y. If the consumer's income increases by 20%, what is the new budget constraint?

Answer Options

A. 4x + 6y = 24
Correct Answer B. 4x + 6y = 28
C. 4x + 6y = 32
D. 4x + 6y = 36
Correct Answer
B
Correct Option:
4x + 6y = 28

About This Question

This is Post Utme Caleb University 2025 Economics Question 3. It is one of the objective questions from the 2025 Post Utme Caleb University Economics examination.

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