Post Utme Caleb University 2020 Economics Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2020 Economics Objective / Multiple Choice
Question 14 POST_UTME_CALEB_UNIVERSITY • 2020 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's supply curve shifts to the left, and the new supply curve is given by Q = 100 - 2P. What is the new equilibrium price?

Answer Options

A. ₦50
B. ₦75
C. ₦100
Correct Answer D. ₦125
Correct Answer
D
Correct Option:
₦125

About This Question

This is Post Utme Caleb University 2020 Economics Question 14. It is one of the objective questions from the 2020 Post Utme Caleb University Economics examination.

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