Post Utme Bowen University 2022 Economics Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2022 Economics Objective / Multiple Choice
Question 17 POST_UTME_BOWEN_UNIVERSITY • 2022 • ECONOMICS • objective

A government imposes a tax on a good to reduce its consumption. If the tax is not passed on to the consumer, what will happen to the price of the good?

Answer Options

Correct Answer A. The price of the good will increase.
B. The price of the good will decrease.
C. The price of the good will remain the same.
D. The price of the good will fluctuate.
Correct Answer
A
Correct Option:
The price of the good will increase.

About This Question

This is Post Utme Bowen University 2022 Economics Question 17. It is one of the objective questions from the 2022 Post Utme Bowen University Economics examination.

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