Post Utme Uniport 2018 Economics Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Uniport Economics examination.

Post Utme Uniport 2018 Economics Objective / Multiple Choice
Question 11 POST_UTME_UNIPORT • 2018 • ECONOMICS • objective

Consider a closed economy with a \single good and service. If the government imposes a 20% tax on the production of this good, and the supply curve shifts to the left by 10 units, what will be the new equilibrium price and quantity?

Answer Options

A. ₦100, 50 units
Correct Answer B. ₦120, 40 units
C. ₦80, 60 units
D. ₦90, 55 units
Correct Answer
B
Correct Option:
₦120, 40 units

About This Question

This is Post Utme Uniport 2018 Economics Question 11. It is one of the objective questions from the 2018 Post Utme Uniport Economics examination.

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