Post Utme Ui 2019 Economics Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Ui Economics examination.

Post Utme Ui 2019 Economics Objective / Multiple Choice

Question 35 POST_UTME_UI • 2019 • ECONOMICS • objective

A government imposes a tax of ₦10 per unit on a good. The supply function for the good is given by Q = 2P + 10. Find the new equilibrium price and quantity.

A. P = 20, Q = 40

B. P = 30, Q = 50

Correct Answer C. P = 40, Q = 60

D. P = 50, Q = 70

Correct Answer

Correct Option:

P = 40, Q = 60

This is Post Utme Ui 2019 Economics Question 35. It is one of the objective questions from the 2019 Post Utme Ui Economics examination.

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