Post Utme Lautech 2018 Economics Question 8
Practice objective / multiple choice question 8 from the 2018 Post Utme Lautech Economics examination.
The government of a country imposes a tax on a commodity, which increases the price of the commodity by 20%. If the demand for the commodity is given by Qd = 100 - 2P and the supply is given by Qs = 2P + 10, find the new equilibrium price and quantity.
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About This Question
This is Post Utme Lautech 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.
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