Post Utme Ui 2017 Commerce Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Ui Commerce examination.

Post Utme Ui 2017 Commerce Objective / Multiple Choice
Question 22 POST_UTME_UI • 2017 • COMMERCE • objective

A consumer has a budget of ₦1000 and a demand function for a good given by p = 2x + 10, where p is the price and x is the quantity demanded. If the consumer's income is ₦1000, what is the consumer's surplus?

Answer Options

A. ₦250
B. ₦500
Correct Answer C. ₦750
D. ₦1000
Correct Answer
C
Correct Option:
₦750

About This Question

This is Post Utme Ui 2017 Commerce Question 22. It is one of the objective questions from the 2017 Post Utme Ui Commerce examination.

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