Post Utme Bowen University 2017 Economics Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2017 Economics Objective / Multiple Choice

Question 7 POST_UTME_BOWEN_UNIVERSITY • 2017 • ECONOMICS • objective

A government imposes a tax of ₦10 per unit on a firm's output. If the firm's supply function is Q = 100 - 2P, where P is the price per unit, what is the new supply function after the tax is imposed?

Answer Options

Correct Answer A. Q = 100 - 2\( P + 10 \)

B. Q = 100 - 2P - 10

C. Q = 100 - 2\( P - 10 \)

D. Q = 100 - 2P + 10

Correct Answer

Correct Option:

Q = 100 - 2\( P + 10 \)

About This Question

This is Post Utme Bowen University 2017 Economics Question 7. It is one of the objective questions from the 2017 Post Utme Bowen University Economics examination.

View More Post Utme Bowen University 2017 Economics Questions More Post Utme Bowen University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support