Post Utme Crawford University 2017 Economics Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2017 Economics Objective / Multiple Choice
Question 14 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer's demand curve for a good is given by Q = 100 - 2P, where P is the price of the good. If the consumer's income is ₦100, and the price of the good is ₦20, what is the consumer's willingness to pay for the good?

Answer Options

A. ₦50
B. ₦75
C. ₦100
Correct Answer D. ₦125
Correct Answer
D
Correct Option:
₦125

About This Question

This is Post Utme Crawford University 2017 Economics Question 14. It is one of the objective questions from the 2017 Post Utme Crawford University Economics examination.

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