Post Utme Mountain Top University 2019 Economics Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2019 Economics Objective / Multiple Choice
Question 34 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer has a budget of ₦1000 and wants to buy two goods, X and Y. The price of good X is ₦200 and the price of good Y is ₦300. If the consumer sp\ends 60% of the budget on good X, how much is spent on good Y?

Answer Options

A. ₦300
Correct Answer B. ₦400
C. ₦500
D. ₦600
Correct Answer
B
Correct Option:
₦400

About This Question

This is Post Utme Mountain Top University 2019 Economics Question 34. It is one of the objective questions from the 2019 Post Utme Mountain Top University Economics examination.

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