Post Utme Esut 2017 Economics Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice
Question 17 POST_UTME_ESUT • 2017 • ECONOMICS • objective

A firm's demand for a product is given by the equation: \( Q_d = 100 - 2P + 5Y \), where \( Q_d \) is the quantity demanded, (P) is the price, and (Y) is the income. If the price is $10 and the income is $500, what is the quantity demanded?

Answer Options

A. 50
B. 75
Correct Answer C. 100
D. 125
Correct Answer
C
Correct Option:
100

About This Question

This is Post Utme Esut 2017 Economics Question 17. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

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