Post Utme Ims U 2018 Commerce Question 23
Practice objective / multiple choice question 23 from the 2018 Post Utme Ims U Commerce examination.
A consumer's budget constraint is given by P1X1 + P2X2 = I, where P1 and P2 are the prices of two goods, X1 and X2 are the quantities consumed, and I is the consumer's income. If the consumer's income is ₦1000, and the prices of the two goods are ₦10 and ₦20 respectively, how much of good 2 should the consumer buy if they want to buy 10 units of good 1?
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About This Question
This is Post Utme Ims U 2018 Commerce Question 23. It is one of the objective questions from the 2018 Post Utme Ims U Commerce examination.
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