Post Utme Caleb University 2018 Economics Question 10

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

Post Utme Caleb University 2018 Economics Objective / Multiple Choice
Question 10 POST_UTME_CALEB_UNIVERSITY • 2018 • ECONOMICS • objective

A country's government is considering impo\sing a tax on a particular good. The demand curve for the good is given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the government imposes a tax of ₦50 per unit, what is the new demand curve?

Answer Options

Correct Answer A. Qd = 100 - 2P - 50
B. Qd = 100 - 2P + 50
C. Qd = 100 + 2P - 50
D. Qd = 100 + 2P + 50
Correct Answer
A
Correct Option:
Qd = 100 - 2P - 50

About This Question

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