Waec Model Questions Vol1 2022 Economics Question 8
Practice objective / multiple choice question 8 from the 2022 Waec Model Questions Vol1 Economics examination.
The demand for a product is Qd = 800 - 4P and the original supply is Qs = 2P. The government imposes a specific tax of ₦20 per unit on sellers. Assuming the tax is fully borne by sellers, the supply curve shifts to Qs = 2(P - 20). What is the new equilibrium quantity?
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About This Question
This is Waec Model Questions Vol1 2022 Economics Question 8. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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