Post Utme Abu 2022 Economics Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Abu Economics examination.

Post Utme Abu 2022 Economics Objective / Multiple Choice

Question 8 POST_UTME_ABU • 2022 • ECONOMICS • objective

A government imposes a tax on a good, cau\sing the supply curve to shift to the left. What will happen to the equilibrium price and quantity?

Correct Answer A. Equilibrium price will increase and quantity will decrease

B. Equilibrium price will decrease and quantity will increase

C. Equilibrium price will remain unchanged and quantity will decrease

D. Equilibrium price will decrease and quantity will remain unchanged

Correct Answer

Correct Option:

Equilibrium price will increase and quantity will decrease

This is Post Utme Abu 2022 Economics Question 8. It is one of the objective questions from the 2022 Post Utme Abu Economics examination.

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