Post Utme Afe Babalola University 2024 Economics Question 16
Practice objective / multiple choice question 16 from the 2024 Post Utme Afe Babalola University Economics examination.
The government of a country decides to implement a policy to reduce the consumption of fossil fuels. The policy involves a tax on gasoline and diesel fuel. If the demand for gasoline is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price, and the tax is 10% of the price, what will be the new demand equation after the tax is implemented?
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This is Post Utme Afe Babalola University 2024 Economics Question 16. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Economics examination.
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