Post Utme Joseph Ayo Babalola University 2019 Economics Question 27
Practice objective / multiple choice question 27 from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.
A government is considering a tax on a particular good to reduce its consumption. The demand function for the good is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. The supply function is given by Q = 2P. If the government imposes a tax of ₦50 per unit on the good, what will be the new equilibrium price and quantity?
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This is Post Utme Joseph Ayo Babalola University 2019 Economics Question 27. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.
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