Post Utme Noun 2020 Economics Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice
Question 17 POST_UTME_NOUN • 2020 • ECONOMICS • objective

A government imposes a tax of ₦10 on a commodity. If the demand function is given by \( Q^d = 100 - 2P \) and the supply function is given by \( Q^s = 2P - 10 \), find the new equilibrium price and quantity.

Answer Options

A. ₦55
B. ₦65
Correct Answer C. ₦75
D. ₦85
Correct Answer
C
Correct Option:
₦75

About This Question

This is Post Utme Noun 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

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