Post Utme Osustech 2019 Economics Question 33
Practice objective / multiple choice question 33 from the 2019 Post Utme Osustech Economics examination.
A consumer has a budget of ₦100 and faces a price of ₦20 for a good. The consumer's indifference curves are given by U = 2x + y, where x is the quantity of the good consumed and y is the quantity of a substitute good. If the consumer's initial consumption bundle is (x, y) = (2, 4), what is the new consumption bundle after the price increase?
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About This Question
This is Post Utme Osustech 2019 Economics Question 33. It is one of the objective questions from the 2019 Post Utme Osustech Economics examination.
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