Post Utme Pan Atlantic University 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2017 Economics Objective / Multiple Choice
Question 32 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ECONOMICS • objective

A government imposes a tax of ₦10 on a product. If the pre-tax price is ₦50 and the demand curve is given by Qd = 100 - 2P, what is the new equilibrium price?

Answer Options

A. ₦40
Correct Answer B. ₦45
C. ₦50
D. ₦55
Correct Answer
B
Correct Option:
₦45

About This Question

This is Post Utme Pan Atlantic University 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support