Post Utme Nile University 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Nile University Economics examination.

Post Utme Nile University 2024 Economics Objective / Multiple Choice
Question 3 POST_UTME_NILE_UNIVERSITY • 2024 • ECONOMICS • objective

A government is considering a tax on a particular good. The demand curve for the good is given by Qd = 100 - 2P and the supply curve is given by Qs = 20 + 3P. If the government imposes a tax of ₦10 per unit, what will be the new equilibrium price and quantity?

Answer Options

Correct Answer A. ₦60, 70 units
B. ₦50, 60 units
C. ₦40, 50 units
D. ₦30, 40 units
Correct Answer
A
Correct Option:
₦60, 70 units

About This Question

This is Post Utme Nile University 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Nile University Economics examination.

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