Post Utme Ims U 2022 Economics Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Ims U Economics examination.

Post Utme Ims U 2022 Economics Objective / Multiple Choice
Question 34 POST_UTME_IMS_U • 2022 • ECONOMICS • objective

A consumer's demand for a good is given by Q = 100 - 2P. If the consumer's income is ₦1000 and the price of the good is ₦20, what is the consumer's willingness to pay?

Answer Options

A. ₦40
Correct Answer B. ₦50
C. ₦60
D. ₦70
Correct Answer
B
Correct Option:
₦50

About This Question

This is Post Utme Ims U 2022 Economics Question 34. It is one of the objective questions from the 2022 Post Utme Ims U Economics examination.

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