Post Utme Igbinedion University 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2018 Economics Objective / Multiple Choice
Question 15 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ECONOMICS • objective

A consumer's demand function is given by Q = 100 - 2P. Determine the consumer's surplus at a price of ₦50.

Answer Options

A. ₦1,000
Correct Answer B. ₦2,000
C. ₦3,000
D. ₦4,000
Correct Answer
B
Correct Option:
₦2,000

About This Question

This is Post Utme Igbinedion University 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Igbinedion University Economics examination.

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