Post Utme Veritas University 2020 Economics Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2020 Economics Objective / Multiple Choice
Question 14 POST_UTME_VERITAS_UNIVERSITY • 2020 • ECONOMICS • objective

A government imposes a tax of $5 on a firm's output. If the firm's supply function is given by Q = 2P - 5, what is the new supply function?

Answer Options

Correct Answer A. Q = 2P - 10
B. Q = 2P - 5
C. Q = 2P + 5
D. Q = 2P - 15
Correct Answer
A
Correct Option:
Q = 2P - 10

About This Question

This is Post Utme Veritas University 2020 Economics Question 14. It is one of the objective questions from the 2020 Post Utme Veritas University Economics examination.

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