Post Utme Crawford University 2019 Economics Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2019 Economics Objective / Multiple Choice
Question 37 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P + 5Y, where Q is the quantity demanded, P is the price, and Y is the income. If the price is $50 and the income is $1000, what is the quantity demanded?

Answer Options

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

About This Question

This is Post Utme Crawford University 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Crawford University Economics examination.

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