Post Utme Caleb University 2019 Economics Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2019 Economics Objective / Multiple Choice
Question 23 POST_UTME_CALEB_UNIVERSITY • 2019 • ECONOMICS • objective

The government of a country imposes a tax on a good, which increases its price by 20%. If the demand for the good is given by the equation Qd = 100 - 2P, what is the new demand equation?

Answer Options

A. Qd = 80 - 2.4P
Correct Answer B. Qd = 100 - 2.4P
C. Qd = 120 - 2P
D. Qd = 80 - 2P
Correct Answer
B
Correct Option:
Qd = 100 - 2.4P

About This Question

This is Post Utme Caleb University 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.

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