Post Utme Pan Atlantic University 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2020 Economics Objective / Multiple Choice
Question 23 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ECONOMICS • objective

A government is considering a tax on a particular good. The supply curve of the good is given by Q = 100 + 2P, where Q is the quantity supplied and P is the price. The demand curve for the good is given by Q = 100 - 2P. Find the price at which the government should impose the tax.

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Pan Atlantic University 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Economics examination.

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