Waec Model Questions Vol1 2023 Economics Question 14
Practice objective / multiple choice question 14 from the 2023 Waec Model Questions Vol1 Economics examination.
The government imposes a specific tax of ₦50 per unit on a good. The market demand is $Q_d=800-4P$ and the supply is $Q_s=-200+3P$, where $P$ is the price received by producers. Find the new equilibrium consumer price and the dead‑weight loss caused by the tax (in naira).
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About This Question
This is Waec Model Questions Vol1 2023 Economics Question 14. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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