Post Utme Uniosun 2021 Economics Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2021 Economics Objective / Multiple Choice
Question 8 POST_UTME_UNIOSUN • 2021 • ECONOMICS • objective

The government of a country imposes a tax on a product, which increases the price of the product by 20%. If the demand for the product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price, find the new demand equation.

Answer Options

A. Qd = 80 - 2P
Correct Answer B. Qd = 100 - 4P
C. Qd = 120 - 2P
D. Qd = 100 - 6P
Correct Answer
B
Correct Option:
Qd = 100 - 4P

About This Question

This is Post Utme Uniosun 2021 Economics Question 8. It is one of the objective questions from the 2021 Post Utme Uniosun 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