Post Utme Noun 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Noun Economics examination.

Post Utme Noun 2018 Economics Objective / Multiple Choice

Question 22 POST_UTME_NOUN • 2018 • ECONOMICS • objective

A government is considering a tax on a particular good. The supply curve of the good is given by Q = 100 + 2P, and the demand curve is given by Q = 200 - 3P. If the government imposes a tax of 10 on the producer, what will be the new equilibrium price and quantity?

Correct Answer A. P = 20, Q = 150

B. P = 30, Q = 120

C. P = 40, Q = 90

D. P = 50, Q = 60

Correct Answer

Correct Option:

P = 20, Q = 150

This is Post Utme Noun 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Noun Economics examination.

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