Post Utme Oau 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Oau Economics examination.

Post Utme Oau 2021 Economics Objective / Multiple Choice
Question 17 POST_UTME_OAU • 2021 • ECONOMICS • objective

A country's government is considering a tax on a particular good. The supply curve for the good is given by Q = 100 - 2P, and the demand curve is given by Q = 200 - 5P. If the government imposes a tax of 10 on the producer, what will be the new equilibrium price and quantity?

Answer Options

A. P = 20, Q = 80
B. P = 25, Q = 75
Correct Answer C. P = 30, Q = 70
D. P = 35, Q = 65
Correct Answer
C
Correct Option:
P = 30, Q = 70

About This Question

This is Post Utme Oau 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Oau Economics examination.

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