Post Utme Caleb University 2019 Economics Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2019 Economics Objective / Multiple Choice
Question 14 POST_UTME_CALEB_UNIVERSITY • 2019 • ECONOMICS • objective

A government imposes a tax of ₦10 on a good that is currently priced at ₦20. If the demand for the good is given by Q = 100 - 2P, what is the new equilibrium price?

Answer Options

A. ₦15
B. ₦20
Correct Answer C. ₦25
D. ₦30
Correct Answer
C
Correct Option:
₦25

About This Question

This is Post Utme Caleb University 2019 Economics Question 14. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.

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