Post Utme Bsu 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Bsu Economics examination.

Post Utme Bsu 2018 Economics Objective / Multiple Choice
Question 23 POST_UTME_BSU • 2018 • ECONOMICS • objective

A government imposes a tax of ₦10 per unit on a product. The demand for the product is given by Qd = 100 - 2P and the supply is given by Qs = 2P - 50. Find the new equilibrium price and quantity.

Answer Options

Correct Answer A. ₦60, 120 units
B. ₦80, 80 units
C. ₦40, 160 units
D. ₦120, 40 units
Correct Answer
A
Correct Option:
₦60, 120 units

About This Question

This is Post Utme Bsu 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Bsu Economics examination.

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