Post Utme Osustech 2018 Economics Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Osustech Economics examination.

Post Utme Osustech 2018 Economics Objective / Multiple Choice
Question 18 POST_UTME_OSUSTECH • 2018 • ECONOMICS • objective

A government imposes a tax of ₦10 on a commodity. The pre-tax price is ₦100, and the demand for the commodity is given by Q = 100 - 2P. What is the new equilibrium price and quantity?

Answer Options

Correct Answer A. P = 110, Q = 45
B. P = 120, Q = 40
C. P = 130, Q = 35
D. P = 140, Q = 30
Correct Answer
A
Correct Option:
P = 110, Q = 45

About This Question

This is Post Utme Osustech 2018 Economics Question 18. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.

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