Post Utme Covenant University 2021 Economics Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2021 Economics Objective / Multiple Choice
Question 37 POST_UTME_COVENANT_UNIVERSITY • 2021 • ECONOMICS • objective

A government imposes a tax of ₦5 on every unit of a commodity. If the supply function is given by Qs = 2P - 10 and the demand function is given by Qd = 100 - 2P, what is the new equilibrium price?

Answer Options

A. ₦25
B. ₦30
Correct Answer C. ₦35
D. ₦40
Correct Answer
C
Correct Option:
₦35

About This Question

This is Post Utme Covenant University 2021 Economics Question 37. It is one of the objective questions from the 2021 Post Utme Covenant University Economics examination.

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