Post Utme Bsu 2018 Economics Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Bsu Economics examination.

Post Utme Bsu 2018 Economics Objective / Multiple Choice
Question 30 POST_UTME_BSU • 2018 • ECONOMICS • objective

A government imposes a tax on a particular good. What is the likely effect on the equilibrium price of the good?

Answer Options

A. The equilibrium price will increase.
Correct Answer B. The equilibrium price will decrease.
C. The equilibrium price will remain unchanged.
D. The equilibrium price will be unaffected.
Correct Answer
B
Correct Option:
The equilibrium price will decrease.

About This Question

This is Post Utme Bsu 2018 Economics Question 30. It is one of the objective questions from the 2018 Post Utme Bsu Economics examination.

View More Post Utme Bsu 2018 Economics Questions More Post Utme Bsu 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