Post Utme Crawford University 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2021 Economics Objective / Multiple Choice
Question 18 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ECONOMICS • objective

A government imposes a tax of ₦10 per unit on a good that is currently priced at ₦20 per unit. If the demand for the good is given by Q = 100 - 2P, where P is the price of the good, calculate the new equilibrium price and quantity after the tax is imposed.

Answer Options

A. P = 25, Q = 50
Correct Answer B. P = 30, Q = 40
C. P = 35, Q = 30
D. P = 40, Q = 20
Correct Answer
B
Correct Option:
P = 30, Q = 40

About This Question

This is Post Utme Crawford University 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Crawford University Economics examination.

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