Post Utme Nile University 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Nile University Economics examination.

Post Utme Nile University 2019 Economics Objective / Multiple Choice
Question 39 POST_UTME_NILE_UNIVERSITY • 2019 • ECONOMICS • objective

A government imposes a tax of ₦10 on a commodity. The demand curve for the commodity is given by Qd = 100 - 2P and the supply curve is given by Qs = 2P - 10. Find the new equilibrium price and quantity.

Answer Options

Correct Answer A. Q = 40, P = ₦60
B. Q = 30, P = ₦80
C. Q = 20, P = ₦100
D. Q = 10, P = ₦120
Correct Answer
A
Correct Option:
Q = 40, P = ₦60

About This Question

This is Post Utme Nile University 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Nile University Economics examination.

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