Post Utme Madonna University 2023 Economics Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2023 Economics Objective / Multiple Choice
Question 17 POST_UTME_MADONNA_UNIVERSITY • 2023 • ECONOMICS • objective

The demand function for a product is given by Qd = 100 - 2P + 3Y. If the price of the product is ₦20 and the income of the consumer is ₦500, what is the quantity demanded?

Answer Options

A. 50
Correct Answer B. 60
C. 70
D. 80
Correct Answer
B
Correct Option:
60

About This Question

This is Post Utme Madonna University 2023 Economics Question 17. It is one of the objective questions from the 2023 Post Utme Madonna University Economics examination.

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