Post Utme Skyline University 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2024 Economics Objective / Multiple Choice
Question 23 POST_UTME_SKYLINE_UNIVERSITY • 2024 • ECONOMICS • objective

A country's import demand function is given by M = 100 - 2Y + 3P. If the country's income is ₦100,000 and the price of imports is ₦20, how many units of imports will be demanded?

Answer Options

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

About This Question

This is Post Utme Skyline University 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Skyline University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support