Post Utme Ims U 2023 Economics Question 33
Practice objective / multiple choice question 33 from the 2023 Post Utme Ims U Economics examination.
A consumer has a budget of 100 and the prices of two goods are 5 and 10 respectively. If the consumer's income elasticity of demand for the first good is 0.5, what is the percentage change in the quantity demanded of the first good when the consumer's income increases by 10%?
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About This Question
This is Post Utme Ims U 2023 Economics Question 33. It is one of the objective questions from the 2023 Post Utme Ims U Economics examination.
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