Post Utme Bells University 2018 Economics Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Bells University Economics examination.

Post Utme Bells University 2018 Economics Objective / Multiple Choice
Question 35 POST_UTME_BELLS_UNIVERSITY • 2018 • ECONOMICS • objective

A government imposes a tax of ₦5 per unit on a product. If the demand function for the product is given by Qd = 100 - 2P and the supply function is given by Qs = 2P - 10, what is the new equilibrium quantity?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Bells University 2018 Economics Question 35. 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