Post Utme Osustech 2023 Economics Question 7
Practice objective / multiple choice question 7 from the 2023 Post Utme Osustech Economics examination.
A government is considering a tax on a particular commodity. The tax is expected to reduce the quantity demanded of the commodity by 10%. If the initial price of the commodity is ₦50 and the initial quantity demanded is 100 units, what will be the new price of the commodity after the tax is imposed?
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About This Question
This is Post Utme Osustech 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Osustech Economics examination.
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