Post Utme Afe Babalola University 2021 Economics Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2021 Economics Objective / Multiple Choice

Question 30 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A government imposes a tax on a firm's output. If the firm's supply curve shifts to the left, what will be the effect on the firm's output?

Answer Options

A. The firm's output will increase.

Correct Answer B. The firm's output will decrease.

C. The firm's output will remain unchanged.

D. The firm will exit the market.

Correct Answer

Correct Option:

The firm's output will decrease.

About This Question

This is Post Utme Afe Babalola University 2021 Economics Question 30. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.

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