Post Utme Osustech 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice
Question 23 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

A country's government imposes a tax on a firm's output. The firm's supply function is \( Q = 2P - 50 \) and the tax rate is 20%. What is the new supply function after the tax is imposed?

Answer Options

Correct Answer A. Q = 2P - 60
B. Q = 2P - 70
C. Q = 2P - 80
D. Q = 2P - 90
Correct Answer
A
Correct Option:
Q = 2P - 60

About This Question

This is Post Utme Osustech 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

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