Waec Model Questions Vol1 2021 Economics Question 19
Practice objective / multiple choice question 19 from the 2021 Waec Model Questions Vol1 Economics examination.
In the wheat market the demand function is \(Q_d = 120 - 2P\) and the supply function is \(Q_s = 20 + P\), where \(Q\) is quantity in tonnes and \(P\) is price per kg in naira. The government imposes a specific tax of ₦4 per kg on sellers. What is the new equilibrium price paid by buyers (in naira per kg)?
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About This Question
This is Waec Model Questions Vol1 2021 Economics Question 19. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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