Post Utme Afe Babalola University 2023 Economics Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2023 Economics Objective / Multiple Choice
Question 14 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ECONOMICS • objective
Post Utme Afe Babalola University 2023 Economics Question 14 diagram

A government imposes a tax on a particular good. The supply curve shifts to the left, and the demand curve shifts to the right. 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 Afe Babalola University 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Economics examination.

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