Post Utme Unilag 2020 Economics Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Unilag Economics examination.

Post Utme Unilag 2020 Economics Objective / Multiple Choice
Question 39 POST_UTME_UNILAG • 2020 • ECONOMICS • objective

A consumer's demand curve for a good is given by Q = 100 - 2P. If the consumer's income is 1000 and the price of the good is 50, what is the consumer's willingness to pay (WTP) for the good?

Answer Options

Correct Answer A. 500
B. 600
C. 700
D. 800
Correct Answer
A
Correct Option:
500

About This Question

This is Post Utme Unilag 2020 Economics Question 39. It is one of the objective questions from the 2020 Post Utme Unilag Economics examination.

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