Post Utme Pan Atlantic University 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2022 Economics Objective / Multiple Choice

Question 23 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • ECONOMICS • objective

A government imposes a tax of ₦10 per unit on a firm that produces a homogeneous product. If the firm's supply curve is given by \( Q = 100 + 2P \), what is the firm's new supply curve after the tax is imposed?

Answer Options

Correct Answer A. \( Q = 100 + 2P - 10 \)

B. \( Q = 100 + 2P + 10 \)

C. \( Q = 100 + 2P \times 10 \)

D. \( Q = 100 + 2P / 10 \)

Correct Answer

Correct Option:

\( Q = 100 + 2P - 10 \)

About This Question

This is Post Utme Pan Atlantic University 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Economics examination.

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