Post Utme Rsu 2023 Economics Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice
Question 18 POST_UTME_RSU • 2023 • ECONOMICS • objective

A consumer's indifference curve is downward sloping and convex to the origin. If the consumer's income increases, what is the likely outcome for the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. The consumer will consume more of both goods.
B. The consumer will consume less of both goods.
C. The consumer will consume more of good X and less of good Y.
D. The consumer will consume more of good Y and less of good X.
Correct Answer
A
Correct Option:
The consumer will consume more of both goods.

About This Question

This is Post Utme Rsu 2023 Economics Question 18. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

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