Post Utme Uniben 2020 Economics Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Uniben Economics examination.

Post Utme Uniben 2020 Economics Objective / Multiple Choice
Question 30 POST_UTME_UNIBEN • 2020 • ECONOMICS • objective

A government is considering implementing a new policy to reduce pollution. The policy will increase the \cost of production for firms in the industry by 10%. If the demand for the good is given by Q = 100 - 2P, what will be the new equilibrium price and quantity?

Answer Options

A. ₦80, Q = 60
B. ₦100, Q = 50
Correct Answer C. ₦120, Q = 40
D. ₦150, Q = 30
Correct Answer
C
Correct Option:
₦120, Q = 40

About This Question

This is Post Utme Uniben 2020 Economics Question 30. It is one of the objective questions from the 2020 Post Utme Uniben Economics examination.

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