Post Utme Unilorin 2017 Economics Question 8
Practice objective / multiple choice question 8 from the 2017 Post Utme Unilorin Economics examination.
A consumer's budget constraint is given by P1x + P2y = I, where P1 and P2 are the prices of two goods, x and y are the quantities consumed, and I is the consumer's income. If the consumer's income is 1000 naira, and the prices of the two goods are 10 naira and 20 naira respectively, what is the consumer's budget line?
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About This Question
This is Post Utme Unilorin 2017 Economics Question 8. It is one of the objective questions from the 2017 Post Utme Unilorin Economics examination.
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