Post Utme Christopher University 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • ECONOMICS • objective

A government imposes a tax of ₦10 per unit on a firm's output. If the firm's supply function is given by Q = 100 - 2P and the tax is passed on to consumers, what is the new equilibrium price and quantity?

Answer Options

Correct Answer A. P = 30, Q = 40
B. P = 40, Q = 30
C. P = 50, Q = 20
D. P = 20, Q = 50
Correct Answer
A
Correct Option:
P = 30, Q = 40

About This Question

This is Post Utme Christopher University 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Christopher University Economics examination.

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