Post Utme Uniben 2022 Commerce Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Uniben Commerce examination.

Post Utme Uniben 2022 Commerce Objective / Multiple Choice
Question 18 POST_UTME_UNIBEN • 2022 • COMMERCE • objective

A consumer has a budget of ₦1,000 and a preference for two goods, X and Y. The prices of X and Y are ₦200 and ₦300, respectively. If the consumer spends all of their budget, what is the consumer's indifference curve?

Answer Options

A. The indifference curve is a straight line
Correct Answer B. The indifference curve is a bowed-out curve
C. The indifference curve is a bowed-in curve
D. The indifference curve is a vertical line
Correct Answer
B
Correct Option:
The indifference curve is a bowed-out curve

About This Question

This is Post Utme Uniben 2022 Commerce Question 18. It is one of the objective questions from the 2022 Post Utme Uniben Commerce examination.

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