Post Utme Osustech 2023 Economics Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Osustech Economics examination.

Post Utme Osustech 2023 Economics Objective / Multiple Choice

Question 20 POST_UTME_OSUSTECH • 2023 • ECONOMICS • objective

A government imposes a tax of ₦10 on every unit of a good. The supply function of the good is given by \( Q = 2P - 10 \). Find the new equilibrium price and quantity after the tax is imposed.

Answer Options

A. \( P = 15, Q = 10 \)

Correct Answer B. \( P = 20, Q = 15 \)

C. \( P = 25, Q = 20 \)

D. \( P = 30, Q = 25 \)

Correct Answer

Correct Option:

\( P = 20, Q = 15 \)

About This Question

This is Post Utme Osustech 2023 Economics Question 20. It is one of the objective questions from the 2023 Post Utme Osustech Economics examination.

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