Post Utme Rsu 2021 Economics Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Rsu Economics examination.

Post Utme Rsu 2021 Economics Objective / Multiple Choice
Question 4 POST_UTME_RSU • 2021 • ECONOMICS • objective

A consumer's budget constraint is given by 2Q + 3P = ₦100, where Q is the quantity consumed and P is the price. If the price of the product increases by 20%, and the consumer wants to maximize her utility, what is the new quantity consumed?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Rsu 2021 Economics Question 4. It is one of the objective questions from the 2021 Post Utme Rsu Economics examination.

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