Post Utme Lasu 2025 Economics Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Lasu Economics examination.

Post Utme Lasu 2025 Economics Objective / Multiple Choice
Question 13 POST_UTME_LASU • 2025 • ECONOMICS • objective

A government imposes a tax on a particular good. The demand for the good is given by the equation \( Q_d = 100 - 2P \) and the supply of the good is given by the equation \( Q_s = 2P - 10 \). If the government imposes a tax of ₦5 per unit, what will be the new equilibrium price and quantity?

Answer Options

A. P = ₦10, Q = 20
Correct Answer B. P = ₦15, Q = 25
C. P = ₦20, Q = 30
D. P = ₦25, Q = 35
Correct Answer
B
Correct Option:
P = ₦15, Q = 25

About This Question

This is Post Utme Lasu 2025 Economics Question 13. It is one of the objective questions from the 2025 Post Utme Lasu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support