Post Utme Achievers University 2022 Economics Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2022 Economics Objective / Multiple Choice
Question 9 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • ECONOMICS • objective

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

Answer Options

Correct Answer A. Price increases, quantity decreases
B. Price decreases, quantity increases
C. Price increases, quantity increases
D. Price decreases, quantity decreases
Correct Answer
A
Correct Option:
Price increases, quantity decreases

About This Question

This is Post Utme Achievers University 2022 Economics Question 9. It is one of the objective questions from the 2022 Post Utme Achievers University Economics examination.

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