Post Utme Ksu 2020 Economics Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice
Question 38 POST_UTME_KSU • 2020 • ECONOMICS • objective

A government imposes a tax of $5 on a good that is sold at a price of $20. If the demand curve is given by Q = 100 - 2P, and the supply curve is given by Q = 2P - 10, what is the new equilibrium quantity?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Ksu 2020 Economics Question 38. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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