Post Utme Elizade University 2019 Economics Question 8
Practice objective / multiple choice question 8 from the 2019 Post Utme Elizade University Economics examination.
A government imposes a tax of ₦10,000 on a good that is currently priced at ₦50,000. If 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 will be the new equilibrium price and quantity?
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About This Question
This is Post Utme Elizade University 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Elizade University Economics examination.
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