Post Utme Osustech 2020 Economics Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Osustech Economics examination.

Post Utme Osustech 2020 Economics Objective / Multiple Choice
Question 40 POST_UTME_OSUSTECH • 2020 • ECONOMICS • objective

A country's import demand function is given by M = 100 - 2P + 3Y. If the price of the imported good is P = 50 and the country's income is Y = 200, what is the quantity of imports demanded?

Answer Options

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

About This Question

This is Post Utme Osustech 2020 Economics Question 40. It is one of the objective questions from the 2020 Post Utme Osustech Economics examination.

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