Post Utme Achievers University 2023 Economics Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2023 Economics Objective / Multiple Choice
Question 34 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ECONOMICS • objective

A government imposes a tax of ₦10 on a good. If the supply function is given by Q = 100 - 2P and the demand function is given by Q = 50 + 2P, what is the equilibrium price?

Answer Options

A. 20
Correct Answer B. 25
C. 30
D. 35
Correct Answer
B
Correct Option:
25

About This Question

This is Post Utme Achievers University 2023 Economics Question 34. It is one of the objective questions from the 2023 Post Utme Achievers University Economics examination.

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