Post Utme Abu 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Abu Economics examination.

Post Utme Abu 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_ABU • 2024 • ECONOMICS • objective

A country's government imposes a tax of ₦20 per unit on a good that is produced by a firm. If the firm's supply curve is given by Q = 2P - 20, where Q is the quantity supplied and P is the price, which of the following is the new supply curve after the tax is imposed?

Answer Options

A. Q = 2P - 40
Correct Answer B. Q = 2P - 30
C. Q = 2P - 25
D. Q = 2P - 20
Correct Answer
B
Correct Option:
Q = 2P - 30

About This Question

This is Post Utme Abu 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Abu Economics examination.

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