Post Utme Uniport 2022 Economics Question 7
Practice objective / multiple choice question 7 from the 2022 Post Utme Uniport Economics examination.
A consumer's budget constraint is given by P1Q1 + P2Q2 = I, where P1 and P2 are prices, Q1 and Q2 are quantities, and I is income. If the consumer increases income from ₦1000 to ₦1200, and the price of good 1 from ₦5 to ₦6, by how much will the quantity of good 2 increase?
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About This Question
This is Post Utme Uniport 2022 Economics Question 7. It is one of the objective questions from the 2022 Post Utme Uniport Economics examination.
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