Post Utme Bells University 2018 Economics Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Bells University Economics examination.

Post Utme Bells University 2018 Economics Objective / Multiple Choice
Question 8 POST_UTME_BELLS_UNIVERSITY • 2018 • ECONOMICS • objective

The government of a country imposes a tax on a particular commodity. The supply function for the commodity is given by Q = 100 + 2P, where Q is the quantity supplied and P is the price. If the tax is ₦20 per unit, find the price at which the quantity supplied is 120 units.

Answer Options

A. ₦60
B. ₦80
C. ₦100
Correct Answer D. ₦120
Correct Answer
D
Correct Option:
₦120

About This Question

This is Post Utme Bells University 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Bells University Economics examination.

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