Post Utme Wellspring University 2017 Economics Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2017 Economics Objective / Multiple Choice
Question 7 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ECONOMICS • objective

A government imposes a tax of ₦10 on a firm's output. If the firm's supply function is given by Qs = 100 + 2P, where Qs is the quantity supplied and P is the price, what is the new supply function after the tax is imposed?

Answer Options

Correct Answer A. Qs = 100 + 2P - 10
B. Qs = 100 + 2P + 10
C. Qs = 100 - 2P - 10
D. Qs = 100 - 2P + 10
Correct Answer
A
Correct Option:
Qs = 100 + 2P - 10

About This Question

This is Post Utme Wellspring University 2017 Economics Question 7. It is one of the objective questions from the 2017 Post Utme Wellspring University Economics examination.

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