Post Utme Abu 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Abu Economics examination.

Post Utme Abu 2017 Economics Objective / Multiple Choice
Question 29 POST_UTME_ABU • 2017 • ECONOMICS • objective

A government imposes a tax of ₦5 on a product. The demand for the product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. Find the new equilibrium price and quantity.

Answer Options

A. ₦55
B. ₦60
Correct Answer C. ₦65
D. ₦70
Correct Answer
C
Correct Option:
₦65

About This Question

This is Post Utme Abu 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support