Post Utme Ui 2021 Commerce Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Ui Commerce examination.

Post Utme Ui 2021 Commerce Objective / Multiple Choice
Question 13 POST_UTME_UI • 2021 • COMMERCE • objective

A consumer has the following indifference curves: IC1: 2U + 3V = 6, IC2: 2U + 3V = 9. If the consumer is initially at point (2,3) on IC1, and the price of good U is ₦5, and the price of good V is ₦10, then the consumer will move to the point

Answer Options

Correct Answer A. (4,2)
B. (2,4)
C. (1,5)
D. (5,1)
Correct Answer
A
Correct Option:
(4,2)

About This Question

This is Post Utme Ui 2021 Commerce Question 13. It is one of the objective questions from the 2021 Post Utme Ui Commerce examination.

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