Post Utme Ksu 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Ksu Economics examination.

Post Utme Ksu 2021 Economics Objective / Multiple Choice
Question 25 POST_UTME_KSU • 2021 • ECONOMICS • objective

A government imposes a tax of ₦50 per unit on a good that is sold at a price of ₦200 per unit. If the demand for the good is given by Q = 100 - 2P, what is the new equilibrium quantity?

Answer Options

A. 40
Correct Answer B. 50
C. 60
D. 70
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Ksu 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Ksu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support