Post Utme Al Hikmah University 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • ECONOMICS • objective

A government imposes a tax of $1 on every unit of a good. The supply curve of the good is given by Q = 100 - 2P. If the demand curve is given by Q = 100 - P, what is the new equilibrium price?

Answer Options

A. 40
B. 45
Correct Answer C. 50
D. 55
Correct Answer
C
Correct Option:
50

About This Question

This is Post Utme Al Hikmah University 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Economics examination.

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