Post Utme Caleb University 2021 Economics Question 30
Practice objective / multiple choice question 30 from the 2021 Post Utme Caleb University Economics examination.
The government of a country imposes a tax of ₦10 per unit on a commodity. If the demand for the commodity is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price, and the supply of the commodity is given by the equation Qs = 2P, where Qs is the quantity supplied and P is the price, what is the new equilibrium price and quantity?
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This is Post Utme Caleb University 2021 Economics Question 30. It is one of the objective questions from the 2021 Post Utme Caleb University Economics examination.
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