Post Utme Bowen University 2025 Economics Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2025 Economics Objective / Multiple Choice
Question 18 POST_UTME_BOWEN_UNIVERSITY • 2025 • ECONOMICS • objective

A government imposes a tax on a particular good, cau\sing the supply curve to shift to the left. What will be the effect on the equilibrium price and quantity?

Answer Options

A. Equilibrium price will decrease, and quantity will increase.
Correct Answer B. Equilibrium price will increase, and quantity will decrease.
C. Equilibrium price will remain the same, but quantity will decrease.
D. Equilibrium price will remain the same, but quantity will increase.
Correct Answer
B
Correct Option:
Equilibrium price will increase, and quantity will decrease.

About This Question

This is Post Utme Bowen University 2025 Economics Question 18. It is one of the objective questions from the 2025 Post Utme Bowen University Economics examination.

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