Waec Model Questions Vol1 2020 Economics Question 43
Practice objective / multiple choice question 43 from the 2020 Waec Model Questions Vol1 Economics examination.
In the wheat market the demand function is P = 200 - 2Q and the supply function is P = 20 + Q, where P is price per tonne (in naira) and Q is quantity in tonnes. The government imposes a specific tax of ₦30 per tonne on sellers. What is the new equilibrium price paid by buyers?
Answer Options
About This Question
This is Waec Model Questions Vol1 2020 Economics Question 43. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Economics examination.
Difficulty level: Easy .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.