Post Utme Summit University 2019 Economics Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Summit University Economics examination.

Post Utme Summit University 2019 Economics Objective / Multiple Choice

Question 24 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ECONOMICS • objective

A government imposes a tax of ₦5 on a good whose supply curve is given by Qs = 2P - 50. Find the new supply curve and the equilibrium price and quantity.

Answer Options

Correct Answer A. Qs = 2P - 55, ₦50, 75

B. Qs = 2P - 45, ₦45, 50

C. Qs = 2P - 35, ₦35, 75

D. Qs = 2P - 25, ₦25, 50

Correct Answer

Correct Option:

Qs = 2P - 55, ₦50, 75

About This Question

This is Post Utme Summit University 2019 Economics Question 24. It is one of the objective questions from the 2019 Post Utme Summit University Economics examination.

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