Post Utme Ksu 2022 Economics Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Ksu Economics examination.

Post Utme Ksu 2022 Economics Objective / Multiple Choice
Question 34 POST_UTME_KSU • 2022 • ECONOMICS • objective

A government imposes a tax of ₦5 on a firm's output. If the firm's supply function is given by Q = 2P - 5 and the demand function is given by Q = 100 - 2P, what is the new equilibrium price and quantity?

Answer Options

A. (₦20, 15)
Correct Answer B. (₦25, 20)
C. (₦30, 25)
D. (₦35, 30)
Correct Answer
B
Correct Option:
(₦25, 20)

About This Question

This is Post Utme Ksu 2022 Economics Question 34. It is one of the objective questions from the 2022 Post Utme Ksu Economics examination.

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