Post Utme Futo 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Futo Economics examination.

Post Utme Futo 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_FUTO • 2023 • ECONOMICS • objective

A consumer's demand for a product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the consumer's income increases by 10%, find the new demand equation.

Answer Options

A. Qd = 110 - 2P
Correct Answer B. Qd = 120 - 2P
C. Qd = 130 - 2P
D. Qd = 140 - 2P
Correct Answer
B
Correct Option:
Qd = 120 - 2P

About This Question

This is Post Utme Futo 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Futo Economics examination.

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