Post Utme Abu 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Abu Economics examination.

Post Utme Abu 2021 Economics Objective / Multiple Choice
Question 17 POST_UTME_ABU • 2021 • ECONOMICS • objective

A government imposes a tax on a firm's output. If the firm's supply curve shifts to the left due to the tax, what is the likely effect on the firm's price?

Answer Options

Correct Answer A. The price will increase.
B. The price will decrease.
C. The price will remain unchanged.
D. The price will fluctuate.
Correct Answer
A
Correct Option:
The price will increase.

About This Question

This is Post Utme Abu 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Abu Economics examination.

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