Post Utme Crawford University 2024 Economics Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2024 Economics Objective / Multiple Choice
Question 15 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ECONOMICS • objective

A government wants to increase its revenue. It imposes a tax on a firm's output. The firm's supply curve is given by Q = 100 + 2P. If the tax rate is 10%, what is the new supply curve?

Answer Options

Correct Answer A. Q = 100 + 2.2P
B. Q = 100 + 2P
C. Q = 100 + 1.8P
D. Q = 100 + 1.2P
Correct Answer
A
Correct Option:
Q = 100 + 2.2P

About This Question

This is Post Utme Crawford University 2024 Economics Question 15. It is one of the objective questions from the 2024 Post Utme Crawford University Economics examination.

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