Post Utme Pan Atlantic University 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ECONOMICS • objective

A government is considering a tax on a particular good. The supply curve of the good is given by Q = 2P + 10, and the demand curve is given by Q = 100 - 2P. If the government imposes a tax of ₦10 on the good, what is the new equilibrium price?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Pan Atlantic University 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Economics examination.

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