Post Utme Al Hikmah University 2021 Economics Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2021 Economics Objective / Multiple Choice
Question 9 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ECONOMICS • objective

A government imposes a tax on a particular good, cau\sing the supply curve to shift to the left. If the demand curve is inelastic, what is the likely outcome for the price and quantity of the good?

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 Al Hikmah University 2021 Economics Question 9. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Economics examination.

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