Post Utme Summit University 2018 Economics Question 8
Practice objective / multiple choice question 8 from the 2018 Post Utme Summit University Economics examination.
The government of a country imposes a tax on a particular commodity. The supply curve of the commodity is given by Q = 100 + 2P, where Q is the quantity supplied and P is the price of the commodity. The demand curve of the commodity is given by Q = 200 - 3P. If the government imposes a tax of ₦10 per unit of the commodity, what will be the new equilibrium price of the commodity?
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About This Question
This is Post Utme Summit University 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Summit University Economics examination.
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