Post Utme Futo 2019 Economics Question 39
Practice objective / multiple choice question 39 from the 2019 Post Utme Futo Economics examination.
Consider a market with a demand function given by Q_d = 100 - 2P and a supply function given by Q_s = 2P. If the market is initially in equilibrium at a price of ₦20, calculate the change in the equilibrium price if the government imposes a tax of ₦5 on the suppliers.
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About This Question
This is Post Utme Futo 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Futo Economics examination.
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