Post Utme Al Hikmah University 2021 Economics Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2021 Economics Objective / Multiple Choice
Question 29 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ECONOMICS • objective

A government imposes a tax of ₦10 on every unit of a good. If the demand curve for the good is given by Q = 100 - 2P and the supply curve is given by Q = 2P - 10, what is the new equilibrium price?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Al Hikmah University 2021 Economics Question 29. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Economics examination.

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