Post Utme Lasu 2021 Economics Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Lasu Economics examination.

Post Utme Lasu 2021 Economics Objective / Multiple Choice
Question 5 POST_UTME_LASU • 2021 • ECONOMICS • objective

A consumer has a budget of ₦1,000 and faces a price of ₦100 per unit of a good. If the consumer's demand curve is given by Q = 10 - 0.1P, what is the optimal quantity?

Answer Options

A. 10 units
Correct Answer B. 20 units
C. 30 units
D. 40 units
Correct Answer
B
Correct Option:
20 units

About This Question

This is Post Utme Lasu 2021 Economics Question 5. It is one of the objective questions from the 2021 Post Utme Lasu Economics examination.

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