Post Utme Crawford University 2017 Economics Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2017 Economics Objective / Multiple Choice
Question 40 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer's budget constraint is a graphical representation of the various combinations of two goods that the consumer can afford to purchase given their income and prices. Which of the following is a characteristic of a consumer's budget constraint?

Answer Options

A. It is downward sloping
Correct Answer B. It is upward sloping
C. It is horizontal
D. It is vertical
Correct Answer
B
Correct Option:
It is upward sloping

About This Question

This is Post Utme Crawford University 2017 Economics Question 40. It is one of the objective questions from the 2017 Post Utme Crawford University Economics examination.

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