Post Utme Joseph Ayo Babalola University 2025 Commerce Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2025 Commerce Objective / Multiple Choice
Question 12 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • COMMERCE • objective

A consumer's budget constraint is given by 2x + 3y = 12, where x is the quantity of good x and y is the quantity of good y. If the consumer's income increases by 20%, how will the budget constraint shift?

Answer Options

A. Shifts inward
Correct Answer B. Shifts outward
C. Remains unchanged
D. Rotates counterclockwise
Correct Answer
B
Correct Option:
Shifts outward

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Commerce Question 12. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Commerce examination.

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