Post Utme Rsu 2020 Commerce Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Rsu Commerce examination.

Post Utme Rsu 2020 Commerce Objective / Multiple Choice

Question 29 POST_UTME_RSU • 2020 • COMMERCE • objective

A consumer's indifference curve is given by U(x,y) = 2x + 3y. If the consumer's income is increased by 10%, what is the new indifference curve?

Correct Answer A. U(x,y) = 2.2x + 3.3y

B. U(x,y) = 2.2x + 3y

C. U(x,y) = 2x + 3.3y

D. U(x,y) = 2x + 3y

Correct Answer

Correct Option:

U(x,y) = 2.2x + 3.3y

This is Post Utme Rsu 2020 Commerce Question 29. It is one of the objective questions from the 2020 Post Utme Rsu Commerce examination.

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