Post Utme Lead City University 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2024 Economics Objective / Multiple Choice
Question 3 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

U\sing the concept of consumer surplus, calculate the maximum amount a consumer is willing to pay for a product that \costs ₦100 and has a demand function given by Q = 100 - 2P.

Answer Options

Correct Answer A. ₦80
B. ₦90
C. ₦100
D. ₦110
Correct Answer
A
Correct Option:
₦80

About This Question

This is Post Utme Lead City University 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Lead City University Economics examination.

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