Post Utme Rsu 2020 Economics Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Rsu Economics examination.

Post Utme Rsu 2020 Economics Objective / Multiple Choice
Question 28 POST_UTME_RSU • 2020 • ECONOMICS • objective

A government imposes a tax on a firm's output. If the firm's supply curve shifts from S1 to S2, and the tax rate is 20%, what is the new price elasticity of supply?

Answer Options

A. 0.5
B. 1
Correct Answer C. 2
D. 3
Correct Answer
C
Correct Option:
2

About This Question

This is Post Utme Rsu 2020 Economics Question 28. It is one of the objective questions from the 2020 Post Utme Rsu Economics examination.

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