Post Utme Oau 2022 Economics Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Oau Economics examination.

Post Utme Oau 2022 Economics Objective / Multiple Choice

Question 29 POST_UTME_OAU • 2022 • ECONOMICS • objective

A government imposes a tax on a firm's output, increa\sing its \cost by 15%. If the firm's demand function is given by P = 100 - 2Q and its supply function is given by P = 20 + 3Q, what is the new equilibrium price and quantity?

Correct Answer A. P = 80, Q = 20

B. P = 90, Q = 25

C. P = 100, Q = 30

D. P = 110, Q = 35

Correct Answer

Correct Option:

P = 80, Q = 20

This is Post Utme Oau 2022 Economics Question 29. It is one of the objective questions from the 2022 Post Utme Oau Economics examination.

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