Post Utme Afe Babalola University 2024 Economics Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2024 Economics Objective / Multiple Choice
Question 38 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ECONOMICS • objective

A government imposes a tax of ₦10 on every unit of a good. The supply function is given by Q = 100 + 2P. What is the equilibrium price and quantity if the demand function is Q = 100 - 2P?

Answer Options

Correct Answer A. ₦20, 60 units
B. ₦30, 80 units
C. ₦40, 100 units
D. ₦50, 120 units
Correct Answer
A
Correct Option:
₦20, 60 units

About This Question

This is Post Utme Afe Babalola University 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Economics examination.

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