Post Utme Wellspring University 2021 Economics Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2021 Economics Objective / Multiple Choice

Question 8 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's demand for a good is given by Q = 100 - 2P. The consumer's income is ₦1000. What is the consumer's budget constraint?

Answer Options

Correct Answer A. P + 0.5Q = 1000

B. P - 0.5Q = 1000

C. P + 0.2Q = 1000

D. P - 0.2Q = 1000

Correct Answer

Correct Option:

P + 0.5Q = 1000

About This Question

This is Post Utme Wellspring University 2021 Economics Question 8. It is one of the objective questions from the 2021 Post Utme Wellspring University Economics examination.

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