Post Utme Achievers University 2018 Economics Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2018 Economics Objective / Multiple Choice
Question 17 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ECONOMICS • objective

A government imposes a tax on a good, cau\sing the supply curve to shift to the left. If the initial equilibrium price is ₦100 and the initial equilibrium quantity is 100 units, and the tax causes the supply curve to shift to the left by 20 units, what is the new equilibrium price?

Answer Options

A. ₦120
Correct Answer B. ₦140
C. ₦160
D. ₦180
Correct Answer
B
Correct Option:
₦140

About This Question

This is Post Utme Achievers University 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Achievers University Economics examination.

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