Post Utme Futo 2025 Economics Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Futo Economics examination.

Post Utme Futo 2025 Economics Objective / Multiple Choice
Question 10 POST_UTME_FUTO • 2025 • ECONOMICS • objective

A government imposes a tax of ₦10 on a product. The demand for the product is given by Q = 100 - 2P. The supply of the product is given by Q = 2P + 10. Find the new equilibrium price and quantity.

Answer Options

A. P = 25, Q = 45
Correct Answer B. P = 30, Q = 50
C. P = 35, Q = 55
D. P = 40, Q = 60
Correct Answer
B
Correct Option:
P = 30, Q = 50

About This Question

This is Post Utme Futo 2025 Economics Question 10. It is one of the objective questions from the 2025 Post Utme Futo Economics examination.

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