Post Utme Nile University 2017 Commerce Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Nile University Commerce examination.

Post Utme Nile University 2017 Commerce Objective / Multiple Choice
Question 19 POST_UTME_NILE_UNIVERSITY • 2017 • COMMERCE • objective

A consumer's purchasing decision is influenced by several factors, including income, price, and advertising. Which of the following is a correct example of a consumer's income effect?

Answer Options

A. A decrease in income leading to a decrease in consumption
Correct Answer B. An increase in income leading to an increase in consumption
C. A decrease in income leading to an increase in consumption
D. An increase in income leading to a decrease in consumption
Correct Answer
B
Correct Option:
An increase in income leading to an increase in consumption

About This Question

This is Post Utme Nile University 2017 Commerce Question 19. It is one of the objective questions from the 2017 Post Utme Nile University Commerce examination.

View More Post Utme Nile University 2017 Commerce Questions More Post Utme Nile University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support