Post Utme Delsu 2024 Commerce Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Delsu Commerce examination.

Post Utme Delsu 2024 Commerce Objective / Multiple Choice
Question 29 POST_UTME_DELSU • 2024 • COMMERCE • objective

A consumer's budget constraint is given by P1Q1 + P2Q2 = 100. If the price of good 1 is ₦10 and the price of good 2 is ₦20, and the consumer spends ₦80 on good 1, how much does the consumer spend on good 2?

Answer Options

A. ₦20
B. ₦40
Correct Answer C. ₦60
D. ₦80
Correct Answer
C
Correct Option:
₦60

About This Question

This is Post Utme Delsu 2024 Commerce Question 29. It is one of the objective questions from the 2024 Post Utme Delsu Commerce examination.

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