Post Utme Bowen University 2019 Economics Question 29
Practice objective / multiple choice question 29 from the 2019 Post Utme Bowen University Economics examination.
A country's government imposes a tax on imports of 15% of the pre-tax price. If the pre-tax price of the imported good is $100 per unit, and the demand curve for the good is given by Q = 100 - 2P, where Q is quantity demanded and P is price, what is the new equilibrium price and quantity?
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About This Question
This is Post Utme Bowen University 2019 Economics Question 29. It is one of the objective questions from the 2019 Post Utme Bowen University Economics examination.
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