Post Utme Crawford University 2020 Economics Question 14

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

Post Utme Crawford University 2020 Economics Objective / Multiple Choice
Question 14 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • ECONOMICS • objective

A government imposes a tax of ₦10 on a good. The demand curve for the good is given by Q = 100 - 2P. Find the new equilibrium price and quantity.

Answer Options

A. P = 40, Q = 20
B. P = 50, Q = 30
Correct Answer C. P = 60, Q = 40
D. P = 70, Q = 50
Correct Answer
C
Correct Option:
P = 60, Q = 40

About This Question

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

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