Post Utme Delsu 2019 Economics Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Delsu Economics examination.

Post Utme Delsu 2019 Economics Objective / Multiple Choice
Question 28 POST_UTME_DELSU • 2019 • ECONOMICS • objective

A government imposes a tax of ₦10 per unit on a good. If the demand for the good is given by Qd = 100 - 2P and the supply is given by Qs = 2P, what is the equilibrium price and quantity?

Answer Options

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

About This Question

This is Post Utme Delsu 2019 Economics Question 28. It is one of the objective questions from the 2019 Post Utme Delsu Economics examination.

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