Post Utme Afe Babalola University 2018 Economics Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2018 Economics Objective / Multiple Choice
Question 32 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A government imposes a tax on a firm's output. If the firm's supply curve is \( Q = 20 + 2P \) and the tax rate is \( t = 5 \), what is the firm's new supply curve?

Answer Options

Correct Answer A. \( Q = 20 + 2P + 5 \)
B. \( Q = 20 + 2P - 5 \)
C. \( Q = 20 + 2P \)
D. \( Q = 20 - 2P \)
Correct Answer
A
Correct Option:
\( Q = 20 + 2P + 5 \)

About This Question

This is Post Utme Afe Babalola University 2018 Economics Question 32. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Economics examination.

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