Post Utme Veritas University 2022 Economics Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2022 Economics Objective / Multiple Choice
Question 4 POST_UTME_VERITAS_UNIVERSITY • 2022 • ECONOMICS • objective

A government imposes a tax on a firm's output. If the firm's supply curve is given by Q = 100 + 2P and the tax rate is ₦5 per unit, what is the firm's new supply curve?

Answer Options

A. Q = 100 + 2P
Correct Answer B. Q = 100 + 2\( P + 5 \)
C. Q = 100 + 2P - 5
D. Q = 100 + 2P + 5
Correct Answer
B
Correct Option:
Q = 100 + 2\( P + 5 \)

About This Question

This is Post Utme Veritas University 2022 Economics Question 4. It is one of the objective questions from the 2022 Post Utme Veritas University Economics examination.

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