Post Utme Summit University 2019 Economics Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Summit University Economics examination.

Post Utme Summit University 2019 Economics Objective / Multiple Choice

Question 40 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ECONOMICS • objective

A government imposes a tax of ₦100 on a firm's output. If the firm's demand function is given by Q = 100 - 2P, find the new demand function.

Answer Options

A. Q = 100 - 2P

Correct Answer B. Q = 100 - 4P

C. Q = 100 + 2P

D. Q = 100 + 4P

Correct Answer

Correct Option:

Q = 100 - 4P

About This Question

This is Post Utme Summit University 2019 Economics Question 40. It is one of the objective questions from the 2019 Post Utme Summit University Economics examination.

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