Post Utme Aaua 2023 Economics Question 23
Practice objective / multiple choice question 23 from the 2023 Post Utme Aaua Economics examination.
The government of a country is considering a new tax on a particular good. The demand for the good is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. The supply of the good is given by the equation Qs = 2P, where Qs is the quantity supplied and P is the price. If the government imposes a tax of 10 on the good, what is the new equilibrium price?
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About This Question
This is Post Utme Aaua 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Aaua Economics examination.
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