Post Utme Bells University 2018 Economics Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Bells University Economics examination.

Post Utme Bells University 2018 Economics Objective / Multiple Choice
Question 10 POST_UTME_BELLS_UNIVERSITY • 2018 • ECONOMICS • objective

The government of a country imposes a tax on a particular commodity. The demand function for the commodity is given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the tax is ₦20 per unit, find the price at which the quantity demanded is 60 units.

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Bells University 2018 Economics Question 10. It is one of the objective questions from the 2018 Post Utme Bells University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support