Post Utme Futa 2018 Economics Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Futa Economics examination.

Post Utme Futa 2018 Economics Objective / Multiple Choice
Question 24 POST_UTME_FUTA • 2018 • ECONOMICS • objective

A government imposes a tax of ₦10 on a good that sells for ₦20. If the supply curve is given by \( Q = 2P - 10 \), where Q is quantity and P is price, what is the new equilibrium price?

Answer Options

A. ₦10
Correct Answer B. ₦15
C. ₦20
D. ₦25
Correct Answer
B
Correct Option:
₦15

About This Question

This is Post Utme Futa 2018 Economics Question 24. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.

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