Post Utme Ksu 2024 Economics Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Ksu Economics examination.

Post Utme Ksu 2024 Economics Objective / Multiple Choice
Question 8 POST_UTME_KSU • 2024 • ECONOMICS • objective

A government is considering a tax on a particular good. The supply curve of the good is given by Q = 100 + 2P, and the demand curve is given by Q = 100 - 2P. If the government imposes a tax of ₦0.5 million per unit, what is the new equilibrium price?

Answer Options

A. ₦0.5 million
Correct Answer B. ₦1 million
C. ₦1.5 million
D. ₦2 million
Correct Answer
B
Correct Option:
₦1 million

About This Question

This is Post Utme Ksu 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Ksu Economics examination.

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