Post Utme Nile University 2022 Economics Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Nile University Economics examination.

Post Utme Nile University 2022 Economics Objective / Multiple Choice
Question 17 POST_UTME_NILE_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P + 5Y, where Q is the quantity demanded, P is the price, and Y is the income. If the price is ₦20 and the income is ₦50,000, what is the quantity demanded?

Answer Options

A. 50 units
Correct Answer B. 75 units
C. 100 units
D. 125 units
Correct Answer
B
Correct Option:
75 units

About This Question

This is Post Utme Nile University 2022 Economics Question 17. It is one of the objective questions from the 2022 Post Utme Nile University Economics examination.

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