Post Utme Unilorin 2024 Economics Question 8
Practice objective / multiple choice question 8 from the 2024 Post Utme Unilorin Economics examination.
The government of a country imposes a tariff of 20% on imported goods. If the price of the imported good is ₦100 per unit, and the demand for the good is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price, find the new equilibrium price and quantity after the tariff is imposed.
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About This Question
This is Post Utme Unilorin 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Unilorin Economics examination.
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