Post Utme Eksu 2019 Economics Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Eksu Economics examination.

Post Utme Eksu 2019 Economics Objective / Multiple Choice
Question 20 POST_UTME_EKSU • 2019 • ECONOMICS • objective

A consumer in Nigeria is considering purcha\sing a product. The consumer's demand function is given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. What is the consumer's willingness to pay?

Answer Options

Correct Answer A. \( P = 50 \)
B. \( P = 25 \)
C. \( P = 75 \)
D. \( P = 100 \)
Correct Answer
A
Correct Option:
\( P = 50 \)

About This Question

This is Post Utme Eksu 2019 Economics Question 20. It is one of the objective questions from the 2019 Post Utme Eksu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support