Post Utme Ims U 2023 Economics Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Ims U Economics examination.

Post Utme Ims U 2023 Economics Objective / Multiple Choice
Question 36 POST_UTME_IMS_U • 2023 • ECONOMICS • objective

The government of a country imposes a tax on a particular good. If the demand for the good is given by the equation Qd = 100 - 2P and the supply of the good is given by the equation Qs = 2P - 50, find the new equilibrium price and quantity after the tax is imposed.

Answer Options

Correct Answer A. ₦16.67
B. ₦20
C. ₦25
D. ₦30
Correct Answer
A
Correct Option:
₦16.67

About This Question

This is Post Utme Ims U 2023 Economics Question 36. It is one of the objective questions from the 2023 Post Utme Ims U Economics examination.

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