Post Utme Bowen University 2020 Economics Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2020 Economics Objective / Multiple Choice
Question 25 POST_UTME_BOWEN_UNIVERSITY • 2020 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's supply curve shifts to the left. What is the effect on the firm's revenue?

Answer Options

A. The firm's revenue increases
Correct Answer B. The firm's revenue decreases
C. The firm's revenue remains the same
D. The firm's revenue becomes zero
Correct Answer
B
Correct Option:
The firm's revenue decreases

About This Question

This is Post Utme Bowen University 2020 Economics Question 25. It is one of the objective questions from the 2020 Post Utme Bowen University Economics examination.

View More Post Utme Bowen University 2020 Economics Questions More Post Utme Bowen University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support