Post Utme Veritas University 2025 Economics Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2025 Economics Objective / Multiple Choice
Question 8 POST_UTME_VERITAS_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer has a utility function U = 2X + 3Y. If the price of good X increases by 10% and the price of good Y increases by 15%, what is the new budget constraint?

Answer Options

A. 10X + 15Y = 100
Correct Answer B. 10X + 15Y = 120
C. 10X + 15Y = 150
D. 10X + 15Y = 180
Correct Answer
B
Correct Option:
10X + 15Y = 120

About This Question

This is Post Utme Veritas University 2025 Economics Question 8. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.

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