Post Utme Ksu 2023 Economics Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Ksu Economics examination.

Post Utme Ksu 2023 Economics Objective / Multiple Choice

Question 3 POST_UTME_KSU • 2023 • ECONOMICS • objective

A government is considering a tax on a particular good. The supply curve of the good is given by Qs = 2P - 10, and the demand curve is given by Qd = 100 - 2P. If the government imposes a tax of 5 on the good, what is the new equilibrium price and quantity?

A. \( P = 20, Q = 30 \)

B. \( P = 25, Q = 20 \)

Correct Answer C. \( P = 30, Q = 10 \)

D. \( P = 35, Q = 0 \)

Correct Answer

Correct Option:

\( P = 30, Q = 10 \)

This is Post Utme Ksu 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Ksu Economics examination.

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