Post Utme Ims U 2018 Economics Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Ims U Economics examination.

Post Utme Ims U 2018 Economics Objective / Multiple Choice
Question 27 POST_UTME_IMS_U • 2018 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's supply function is Q = 100 - 2P and the tax rate is ₦5 per unit. What is the firm's new supply function?

Answer Options

A. Q = 100 - 2P
Correct Answer B. Q = 95 - 2P
C. Q = 105 - 2P
D. Q = 90 - 2P
Correct Answer
B
Correct Option:
Q = 95 - 2P

About This Question

This is Post Utme Ims U 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Ims U Economics examination.

View More Post Utme Ims U 2018 Economics Questions More Post Utme Ims U 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