Post Utme Bowen University 2021 Economics Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2021 Economics Objective / Multiple Choice
Question 24 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 revenue?

Answer Options

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

About This Question

This is Post Utme Bowen University 2021 Economics Question 24. It is one of the objective questions from the 2021 Post Utme Bowen University Economics examination.

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