Post Utme Christopher University 2022 Economics Question 7
Practice objective / multiple choice question 7 from the 2022 Post Utme Christopher University Economics examination.
A government imposes a tax on a particular good to reduce its consumption. If the tax is ₦5 per unit, and the demand for the good is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price, what is the new equilibrium price of the good?
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About This Question
This is Post Utme Christopher University 2022 Economics Question 7. It is one of the objective questions from the 2022 Post Utme Christopher University Economics examination.
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