Post Utme Lasu 2023 Economics Question 5
Practice objective / multiple choice question 5 from the 2023 Post Utme Lasu Economics examination.
A government is considering implementing a new policy to reduce poverty. The policy involves providing a subsidy to a particular good. The demand for the good is given by Q_d = 100 - 2P, where Q_d is the quantity demanded and P is the price. The supply of the good is given by Q_s = 2P - 10, where Q_s is the quantity supplied. If the government wants to reduce poverty by increa\sing the quantity demanded of the good, what is the optimal subsidy?
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About This Question
This is Post Utme Lasu 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.
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