Post Utme Esut 2025 Economics Question 4
Practice objective / multiple choice question 4 from the 2025 Post Utme Esut Economics examination.
The government of Nigeria has implemented a policy to increase the production of cement in the country. The policy involves providing subsidies to cement manufacturers and increa\sing the import duty on cement. If the demand for cement is given by the equation \( Q_d = 100 - 2P \) and the supply of cement is given by the equation \( Q_s = 2P - 20 \), find the equilibrium price and quantity of cement in the market.
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This is Post Utme Esut 2025 Economics Question 4. It is one of the objective questions from the 2025 Post Utme Esut Economics examination.
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