Post Utme Igbinedion University 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2021 Economics Objective / Multiple Choice
Question 13 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ECONOMICS • objective

A government is considering a tax on a good that is currently priced at ₦100. The tax is expected to increase the price of the good by 20%. If the demand for the good is given by the equation \( Q = 100 - 2P \), what is the new price of the good?

Answer Options

A. ₦120
Correct Answer B. ₦140
C. ₦160
D. ₦180
Correct Answer
B
Correct Option:
₦140

About This Question

This is Post Utme Igbinedion University 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Igbinedion University Economics examination.

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