Post Utme Rhema University 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2022 Economics Objective / Multiple Choice
Question 14 POST_UTME_RHEMA_UNIVERSITY • 2022 • ECONOMICS • objective

A government imposes a tax of ( 10% ) on a good. If the supply function is given by \( Q = 100 + 2P \), what is the new supply function after the tax is imposed?

Answer Options

A. Q = 100 + 2.1P
Correct Answer B. Q = 100 + 2.2P
C. Q = 100 + 2.3P
D. Q = 100 + 2.4P
Correct Answer
B
Correct Option:
Q = 100 + 2.2P

About This Question

This is Post Utme Rhema University 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Rhema University Economics examination.

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