Post Utme Futa 2021 Economics Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Futa Economics examination.

Post Utme Futa 2021 Economics Objective / Multiple Choice

Question 7 POST_UTME_FUTA • 2021 • ECONOMICS • objective

A consumer's indifference curve is steeper than their budget constraint. What is the effect on their optimal consumption bundle?

Correct Answer A. The consumer consumes more of good X and less of good Y

B. The consumer consumes more of good Y and less of good X

C. The consumer consumes the same amount of both goods

D. The consumer consumes less of both goods

Correct Answer

Correct Option:

The consumer consumes more of good X and less of good Y

This is Post Utme Futa 2021 Economics Question 7. It is one of the objective questions from the 2021 Post Utme Futa Economics examination.

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