Post Utme Wellspring University 2021 Economics Question 3
Practice objective / multiple choice question 3 from the 2021 Post Utme Wellspring University Economics examination.
A consumer's budget constraint is given by 2x + 3y = 12, where x is the number of units of good X and y is the number of units of good Y. If the consumer's income increases by 20%, and the price of good X remains cons\tant at ₦2 per unit, what is the new budget constraint equation?
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About This Question
This is Post Utme Wellspring University 2021 Economics Question 3. It is one of the objective questions from the 2021 Post Utme Wellspring University Economics examination.
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