Post Utme Uniport 2018 Economics Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Uniport Economics examination.

Post Utme Uniport 2018 Economics Objective / Multiple Choice

Question 9 POST_UTME_UNIPORT • 2018 • ECONOMICS • objective

A government imposes a tax of ₦50 per unit on a good that is sold at a price of ₦100 per unit. If the demand for the good is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price, what is the new equilibrium price and quantity?

Answer Options

Correct Answer A. P = ₦75, Q = 50

B. P = ₦80, Q = 40

C. P = ₦85, Q = 30

D. P = ₦90, Q = 20

Correct Answer

Correct Option:

P = ₦75, Q = 50

About This Question

This is Post Utme Uniport 2018 Economics Question 9. It is one of the objective questions from the 2018 Post Utme Uniport Economics examination.

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