Post Utme Caleb University 2018 Economics Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2018 Economics Objective / Multiple Choice
Question 7 POST_UTME_CALEB_UNIVERSITY • 2018 • ECONOMICS • objective

A country's government is considering impo\sing a tax on a particular good. The supply curve for the good is given by Qs = 100 + 2P, where Qs is the quantity supplied and P is the price. If the government imposes a tax of ₦50 per unit, what is the new supply curve?

Answer Options

Correct Answer A. Qs = 100 + 2P - 50
B. Qs = 100 + 2P + 50
C. Qs = 100 - 2P + 50
D. Qs = 100 - 2P - 50
Correct Answer
A
Correct Option:
Qs = 100 + 2P - 50

About This Question

This is Post Utme Caleb University 2018 Economics Question 7. It is one of the objective questions from the 2018 Post Utme Caleb University Economics examination.

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