Post Utme Futa 2023 Economics Question 24
Practice objective / multiple choice question 24 from the 2023 Post Utme Futa Economics examination.
A perfectly competitive market has a demand curve given by Qd = 100 - 2P and a supply curve given by Qs = 2P. If the market is initially in equilibrium at a price of ₦20, what is the change in consumer surplus if the government imposes a tax of ₦5 per unit on the firm?
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About This Question
This is Post Utme Futa 2023 Economics Question 24. It is one of the objective questions from the 2023 Post Utme Futa Economics examination.
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