Post Utme Joseph Ayo Babalola University 2023 Commerce Question 25
Practice objective / multiple choice question 25 from the 2023 Post Utme Joseph Ayo Babalola University Commerce examination.
A consumer has a budget of ₦10,000 and a demand curve for a product that is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. The consumer also has a budget constraint given by the equation P = 5,000 - 2Q. What is the consumer's optimal quantity demanded?
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This is Post Utme Joseph Ayo Babalola University 2023 Commerce Question 25. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Commerce examination.
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