Post Utme Delsu 2022 Economics Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Delsu Economics examination.

Post Utme Delsu 2022 Economics Objective / Multiple Choice
Question 38 POST_UTME_DELSU • 2022 • ECONOMICS • objective

A consumer has a budget of ₦10,000 to sp\end on two goods, X and Y. The price of good X is ₦2,000 and the price of good Y is ₦3,000. If the consumer sp\ends all of their budget on the two goods, which of the following is true?

Answer Options

A. The consumer will buy 5 units of good X and 3 units of good Y
Correct Answer B. The consumer will buy 3 units of good X and 5 units of good Y
C. The consumer will buy 2 units of good X and 2 units of good Y
D. The consumer will not buy any units of good Y
Correct Answer
B
Correct Option:
The consumer will buy 3 units of good X and 5 units of good Y

About This Question

This is Post Utme Delsu 2022 Economics Question 38. It is one of the objective questions from the 2022 Post Utme Delsu Economics examination.

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