Post Utme Lautech 2017 Economics Question 3
Practice objective / multiple choice question 3 from the 2017 Post Utme Lautech Economics examination.
A consumer's budget constraint is given by \( P_x x + P_y y = I \), where \( P_x \) and \( P_y \) are the prices of good x and good y respectively, x and y are the quantities consumed and I is the income. If the consumer has an income of ₦1000, and the prices of good x and good y are ₦5 and ₦3 respectively, find the quantity of good y that the consumer can buy.
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About This Question
This is Post Utme Lautech 2017 Economics Question 3. It is one of the objective questions from the 2017 Post Utme Lautech Economics examination.
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