Post Utme Aaua 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Aaua Economics examination.

Post Utme Aaua 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_AAUA • 2023 • ECONOMICS • objective

A government is considering a tax on a particular good to raise revenue. If the tax is 10% of the price, and the demand for the good is given by Qd = 100 - 2P, what is the new equilibrium price?

Answer Options

A. 10
Correct Answer B. 15
C. 20
D. 25
Correct Answer
B
Correct Option:
15

About This Question

This is Post Utme Aaua 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Aaua Economics examination.

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