Post Utme Bowen University 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2021 Economics Objective / Multiple Choice
Question 22 POST_UTME_BOWEN_UNIVERSITY • 2021 • ECONOMICS • objective

A government imposes a tax on a firm's output. If the firm's supply curve shifts to the left, which of the following is a possible effect on the firm's output?

Answer Options

A. The firm's output increases.
Correct Answer B. The firm's output decreases.
C. The firm's output remains unchanged.
D. The firm's output increases at a faster rate.
Correct Answer
B
Correct Option:
The firm's output decreases.

About This Question

This is Post Utme Bowen University 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Bowen University Economics examination.

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