Post Utme Oau 2021 Economics Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Oau Economics examination.

Post Utme Oau 2021 Economics Objective / Multiple Choice

Question 33 POST_UTME_OAU • 2021 • ECONOMICS • objective

A government imposes a tax of ₦10 per unit on a firm that produces and sells a good. The firm's demand curve is given by \( Q = 100 - 2P \), where Q is quantity demanded and P is price. Determine the firm's new equilibrium price and quantity after the tax is imposed.

A. P = ₦20, Q = 50

Correct Answer B. P = ₦30, Q = 40

C. P = ₦40, Q = 30

D. P = ₦50, Q = 20

Correct Answer

Correct Option:

P = ₦30, Q = 40

This is Post Utme Oau 2021 Economics Question 33. It is one of the objective questions from the 2021 Post Utme Oau Economics examination.

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