Post Utme Pan Atlantic University 2024 Economics Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2024 Economics Objective / Multiple Choice
Question 32 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • ECONOMICS • objective

A government imposes a tax of ₦10 on a good that is currently priced at ₦50. If the demand curve for the good is given by Q = 100 - 2P, what is the new equilibrium price and quantity?

Answer Options

Correct Answer A. P = 40, Q = 60
B. P = 30, Q = 70
C. P = 50, Q = 50
D. P = 20, Q = 80
Correct Answer
A
Correct Option:
P = 40, Q = 60

About This Question

This is Post Utme Pan Atlantic University 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Economics examination.

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