Post Utme Mountain Top University 2019 Economics Question 7
Practice objective / multiple choice question 7 from the 2019 Post Utme Mountain Top University Economics examination.
A consumer's budget constraint is given by P1Q1 + P2Q2 = I, where P1 and P2 are prices, Q1 and Q2 are quantities and I is income. If the consumer's income increases by 10% and the prices of the two goods remain cons\tant, what is the new budget constraint equation?
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About This Question
This is Post Utme Mountain Top University 2019 Economics Question 7. It is one of the objective questions from the 2019 Post Utme Mountain Top University Economics examination.
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