Post Utme Osustech 2020 Economics Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Osustech Economics examination.

Post Utme Osustech 2020 Economics Objective / Multiple Choice
Question 3 POST_UTME_OSUSTECH • 2020 • ECONOMICS • objective

A government imposes a tax of ₦5 per unit on a good. The supply function of the good is given by \( p = 2q + 10 \). Find the new supply function after the tax is imposed.

Answer Options

Correct Answer A. \( p = 2q + 15 \)
B. \( p = 2q + 10 \)
C. \( p = 2q + 5 \)
D. \( p = 2q - 5 \)
Correct Answer
A
Correct Option:
\( p = 2q + 15 \)

About This Question

This is Post Utme Osustech 2020 Economics Question 3. It is one of the objective questions from the 2020 Post Utme Osustech Economics examination.

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