Post Utme Elizade University 2017 Commerce Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2017 Commerce Objective / Multiple Choice
Question 13 POST_UTME_ELIZADE_UNIVERSITY • 2017 • COMMERCE • objective

A consumer has a budget of ₦1000 and a preference for two goods, A and B. The prices of the goods are ₦200 and ₦300 respectively. If the consumer spends all of their budget, what is the consumer's indifference curve?

Answer Options

A. 45° line
B. Isoquant
Correct Answer C. Indifference curve
D. Budget constraint
Correct Answer
C
Correct Option:
Indifference curve

About This Question

This is Post Utme Elizade University 2017 Commerce Question 13. It is one of the objective questions from the 2017 Post Utme Elizade University Commerce examination.

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