Post Utme Al Hikmah University 2022 Economics Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2022 Economics Objective / Multiple Choice
Question 22 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ECONOMICS • objective

A government imposes a tax on a good, cau\sing the supply curve to shift from S to S'. If the demand curve is D and the initial equilibrium price and quantity are ₦10 and 100 units respectively, what is the new equilibrium price and quantity?

Answer Options

Correct Answer A. ₦12, 80 units
B. ₦15, 60 units
C. ₦18, 40 units
D. ₦20, 20 units
Correct Answer
A
Correct Option:
₦12, 80 units

About This Question

This is Post Utme Al Hikmah University 2022 Economics Question 22. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.

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