Post Utme Greenfield University 2025 Economics Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2025 Economics Objective / Multiple Choice
Question 3 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ECONOMICS • objective

A government imposes a tax on a commodity, which increases its price from ₦100 to ₦120. If the demand for the commodity is given by the equation \( Q = 100 - 2P \), what is the new quantity demanded?

Answer Options

A. 50
B. 60
Correct Answer C. 70
D. 80
Correct Answer
C
Correct Option:
70

About This Question

This is Post Utme Greenfield University 2025 Economics Question 3. It is one of the objective questions from the 2025 Post Utme Greenfield University Economics examination.

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