Post Utme Pan Atlantic University 2021 Economics Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2021 Economics Objective / Multiple Choice
Question 33 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • ECONOMICS • objective

The government of a country wants to increase the production of a certain good. To achieve this, it decides to increase the price of the good by 10%. If the demand for the good is given by the equation Qd = 100 - 2P, what is the new price of the good?

Answer Options

A. ₦50
B. ₦55
Correct Answer C. ₦60
D. ₦65
Correct Answer
C
Correct Option:
₦60

About This Question

This is Post Utme Pan Atlantic University 2021 Economics Question 33. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Economics examination.

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