Post Utme Redeemers University 2020 Economics Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2020 Economics Objective / Multiple Choice
Question 25 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer's demand curve for a good is given by Q = 100 - 2P, where P is price. If the consumer's income is ₦1000 and the price of a complementary good is ₦200, what is the optimal quantity of the good?

Answer Options

A. 40
Correct Answer B. 50
C. 60
D. 70
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Redeemers University 2020 Economics Question 25. It is one of the objective questions from the 2020 Post Utme Redeemers University Economics examination.

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