Post Utme Eksu 2024 Economics Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Eksu Economics examination.

Post Utme Eksu 2024 Economics Objective / Multiple Choice
Question 2 POST_UTME_EKSU • 2024 • ECONOMICS • objective

A consumer's demand function for a product is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the consumer's income is ₦1000 and the price of the product is ₦50, calculate the consumer's willingness to pay for the product.

Answer Options

Correct Answer A. ₦200
B. ₦300
C. ₦400
D. ₦500
Correct Answer
A
Correct Option:
₦200

About This Question

This is Post Utme Eksu 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Eksu Economics examination.

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