Post Utme Nile University 2018 Economics Question 5
Practice objective / multiple choice question 5 from the 2018 Post Utme Nile University Economics examination.
A consumer's indifference curve is given by the equation U = 2Q1 + Q2, where U is the utility and Q1 and Q2 are the quantities of good 1 and good 2. If the consumer's income increases by 20% and the price of good 1 decreases by 10%, what is the new indifference curve equation?
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About This Question
This is Post Utme Nile University 2018 Economics Question 5. It is one of the objective questions from the 2018 Post Utme Nile University Economics examination.
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