Post Utme Osustech 2017 Economics Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Osustech Economics examination.

Post Utme Osustech 2017 Economics Objective / Multiple Choice
Question 39 POST_UTME_OSUSTECH • 2017 • ECONOMICS • objective

A government imposes a tax of $T = 10$ on a firm's output. If the firm's supply curve is given by Qs = 10 + 3P, find the new supply curve and the equilibrium price and quantity.

Answer Options

A. $Qs = 10 + 3P, P = 20, Q = 60$
Correct Answer B. $Qs = 10 + 3P, P = 30, Q = 40$
C. $Qs = 10 + 3P, P = 40, Q = 20$
D. $Qs = 10 + 3P, P = 50, Q = 10$
Correct Answer
B
Correct Option:
$Qs = 10 + 3P, P = 30, Q = 40$

About This Question

This is Post Utme Osustech 2017 Economics Question 39. It is one of the objective questions from the 2017 Post Utme Osustech Economics examination.

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