Post Utme Noun 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Noun Economics examination.

Post Utme Noun 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_NOUN • 2024 • ECONOMICS • objective

A government is considering a tax on a particular good. The supply curve of the good is given by Q = 100 + 2P, where Q is the quantity supplied and P is the price. If the government wants to collect a tax of ₦20 per unit, determine the new equilibrium price and quantity.

Answer Options

A. P = ₦30, Q = 60
Correct Answer B. P = ₦40, Q = 80
C. P = ₦50, Q = 100
D. P = ₦60, Q = 120
Correct Answer
B
Correct Option:
P = ₦40, Q = 80

About This Question

This is Post Utme Noun 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.

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