Post Utme Uniosun 2025 Economics Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2025 Economics Objective / Multiple Choice

Question 24 POST_UTME_UNIOSUN • 2025 • ECONOMICS • objective

A government imposes a tax of ₦5 per unit on a product. If the demand function for the product is given by q = 100 - 2p and the supply function is given by q = 2p - 50, find the equilibrium price and quantity.

Answer Options

Correct Answer A. p = 20, q = 60

B. p = 25, q = 50

C. p = 30, q = 40

D. p = 35, q = 30

Correct Answer

Correct Option:

p = 20, q = 60

About This Question

This is Post Utme Uniosun 2025 Economics Question 24. It is one of the objective questions from the 2025 Post Utme Uniosun Economics examination.

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