Post Utme Greenfield University 2018 Economics Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2018 Economics Objective / Multiple Choice
Question 30 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ECONOMICS • objective

A consumer's demand function for a good is given by \( Q = 10 - 2P \), where Q is the quantity demanded and P is the price. If the consumer's income is $100 and the price of the good is $5, what is the consumer's willingness to pay for the good?

Answer Options

Correct Answer A. $50
B. $60
C. $70
D. $80
Correct Answer
A
Correct Option:
$50

About This Question

This is Post Utme Greenfield University 2018 Economics Question 30. It is one of the objective questions from the 2018 Post Utme Greenfield University Economics examination.

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