Post Utme Esut 2019 Economics Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Esut Economics examination.

Post Utme Esut 2019 Economics Objective / Multiple Choice
Question 40 POST_UTME_ESUT • 2019 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's supply function is given by Q = 2P. If the tax rate is 20%, calculate the new supply function.

Answer Options

A. Q = 2.4P
Correct Answer B. Q = 2.2P
C. Q = 2.6P
D. Q = 2.8P
Correct Answer
B
Correct Option:
Q = 2.2P

About This Question

This is Post Utme Esut 2019 Economics Question 40. It is one of the objective questions from the 2019 Post Utme Esut Economics examination.

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