Post Utme Lasu 2023 Economics Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Lasu Economics examination.

Post Utme Lasu 2023 Economics Objective / Multiple Choice
Question 30 POST_UTME_LASU • 2023 • ECONOMICS • objective

The government of a country imposes a tax on a particular good. The supply of the good is given by the equation Q = 2P, where Q is the quantity supplied and P is the price. If the tax is 10, what is the new equilibrium price?

Answer Options

A. 5
Correct Answer B. 10
C. 15
D. 20
Correct Answer
B
Correct Option:
10

About This Question

This is Post Utme Lasu 2023 Economics Question 30. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.

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