Post Utme Madonna University 2020 Economics Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2020 Economics Objective / Multiple Choice
Question 14 POST_UTME_MADONNA_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer's demand function for a good is given by Q = 100 - 2P. If the price of the good is 20, what is the consumer's willingness to pay?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Madonna University 2020 Economics Question 14. It is one of the objective questions from the 2020 Post Utme Madonna University Economics examination.

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