Post Utme Crawford University 2020 Commerce Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2020 Commerce Objective / Multiple Choice
Question 4 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • COMMERCE • objective

A country's import demand function is given by M = 100 - 2P, where M is the quantity of imports and P is the price of imports. If the price of imports is ₦50, what is the quantity of imports?

Answer Options

A. 10 units
Correct Answer B. 20 units
C. 30 units
D. 40 units
Correct Answer
B
Correct Option:
20 units

About This Question

This is Post Utme Crawford University 2020 Commerce Question 4. It is one of the objective questions from the 2020 Post Utme Crawford University Commerce examination.

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