Post Utme Noun 2023 Commerce Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Noun Commerce examination.

Post Utme Noun 2023 Commerce Objective / Multiple Choice
Question 17 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 17. It is one of the objective questions from the 2023 Post Utme Noun Commerce examination.

View More Post Utme Noun 2023 Commerce Questions More Post Utme Noun 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