Post Utme Christopher University 2020 Economics Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice
Question 13 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's supply function is given by Q = 100 + 2P. If the tax rate is 10% of the output price, what is the new supply function?

Answer Options

Correct Answer A. Q = 100 + 2.2P
B. Q = 100 + 2.1P
C. Q = 100 + 2P
D. Q = 100 + 2.3P
Correct Answer
A
Correct Option:
Q = 100 + 2.2P

About This Question

This is Post Utme Christopher University 2020 Economics Question 13. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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