Post Utme Caleb University 2019 Economics Question 38
Practice objective / multiple choice question 38 from the 2019 Post Utme Caleb University Economics examination.
A government imposes a tax on a good, which increases the price of the good by 20%. If the demand for the good is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price, what is the new equilibrium price and quantity?
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This is Post Utme Caleb University 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.
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