Post Utme Uniosun 2020 Economics Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2020 Economics Objective / Multiple Choice

Question 7 POST_UTME_UNIOSUN • 2020 • ECONOMICS • objective

A country's import demand function is given by M = 100 - 2P, where M is the quantity of imports and P is the price of imports. If the price of imports is ₦50 per unit, determine the quantity of imports.

Answer Options

Correct Answer A. M = 50

B. M = 100

C. M = 150

D. M = 200

Correct Answer

Correct Option:

M = 50

About This Question

This is Post Utme Uniosun 2020 Economics Question 7. It is one of the objective questions from the 2020 Post Utme Uniosun Economics examination.

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