Post Utme Nile University 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Nile University Economics examination.

Post Utme Nile University 2021 Economics Objective / Multiple Choice
Question 18 POST_UTME_NILE_UNIVERSITY • 2021 • ECONOMICS • objective

A country's import demand function is given by M = 100 - 2P, where M is the quantity of imports and P is the price of imports. If the price of imports is ₦50, what is the quantity of imports?

Answer Options

Correct Answer A. 100 units
B. 200 units
C. 50 units
D. 250 units
Correct Answer
A
Correct Option:
100 units

About This Question

This is Post Utme Nile University 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Nile University Economics examination.

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