Post Utme Wellspring University 2020 Commerce Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2020 Commerce Objective / Multiple Choice
Question 23 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • COMMERCE • objective

A consumer's budget constraint is given by 2x + 3y = 12. If the consumer's income increases by 20% and the price of good x increases by 10%, what is the new budget constraint?

Answer Options

A. 2x + 3y = 14.4
Correct Answer B. 2x + 3y = 16.8
C. 2x + 3y = 18.2
D. 2x + 3y = 20.6
Correct Answer
B
Correct Option:
2x + 3y = 16.8

About This Question

This is Post Utme Wellspring University 2020 Commerce Question 23. It is one of the objective questions from the 2020 Post Utme Wellspring University Commerce examination.

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