Post Utme Noun 2023 Commerce Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Noun Commerce examination.

Post Utme Noun 2023 Commerce Objective / Multiple Choice
Question 13 POST_UTME_NOUN • 2023 • COMMERCE • objective

A consumer's budget constraint is given by 2X + 3Y = 12. If the price of good X increases by 50%, and the price of good Y remains constant, what will happen to the consumer's budget line?

Answer Options

Correct Answer A. It will shift to the left
B. It will shift to the right
C. It will remain unchanged
D. It will shift downwards
Correct Answer
A
Correct Option:
It will shift to the left

About This Question

This is Post Utme Noun 2023 Commerce Question 13. It is one of the objective questions from the 2023 Post Utme Noun Commerce examination.

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