Post Utme Summit University 2025 Economics Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Summit University Economics examination.

Post Utme Summit University 2025 Economics Objective / Multiple Choice
Question 13 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ECONOMICS • objective

A government imposes a tax of ₦10 per unit on a commodity. If the supply curve is given by Qs = 2P and the demand curve is given by Qd = 100 - 2P, what is the new equilibrium price?

Answer Options

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

About This Question

This is Post Utme Summit University 2025 Economics Question 13. It is one of the objective questions from the 2025 Post Utme Summit University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support