Post Utme Aaua 2021 Economics Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Aaua Economics examination.

Post Utme Aaua 2021 Economics Objective / Multiple Choice
Question 39 POST_UTME_AAUA • 2021 • ECONOMICS • objective

A government imposes a tax of $5 on a good that is sold at a price of $20. If the demand curve is given by \( Q = 100 - 2P \), what is the new equilibrium price and quantity?

Answer Options

Correct Answer A. \( P = 15, Q = 25 \)
B. \( P = 20, Q = 20 \)
C. \( P = 25, Q = 15 \)
D. \( P = 30, Q = 10 \)
Correct Answer
A
Correct Option:
\( P = 15, Q = 25 \)

About This Question

This is Post Utme Aaua 2021 Economics Question 39. It is one of the objective questions from the 2021 Post Utme Aaua Economics examination.

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