Post Utme Joseph Ayo Babalola University 2019 Economics Question 33
Practice objective / multiple choice question 33 from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.
The government of a country is considering a tax on a particular good. The demand for the good is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. The supply of the good is given by the equation Q = 2P - 100, where Q is the quantity supplied and P is the price. If the government imposes a tax of ₦10 per unit on the good, what is the new equilibrium price and quantity?
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This is Post Utme Joseph Ayo Babalola University 2019 Economics Question 33. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.
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