Post Utme Ui 2024 Economics Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Ui Economics examination.

Post Utme Ui 2024 Economics Objective / Multiple Choice
Question 37 POST_UTME_UI • 2024 • ECONOMICS • objective

A firm's demand function is given by Qd = 100 - 2P + 3Y, where Qd is the quantity demanded, P is the price, and Y is the income. If the price is ₦20 and the income is ₦100, calculate the quantity 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 Ui 2024 Economics Question 37. It is one of the objective questions from the 2024 Post Utme Ui Economics examination.

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