Post Utme Bsu 2021 Economics Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Bsu Economics examination.

Post Utme Bsu 2021 Economics Objective / Multiple Choice
Question 32 POST_UTME_BSU • 2021 • ECONOMICS • objective

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

Answer Options

Correct Answer A. The equilibrium price increases and quantity decreases
B. The equilibrium price decreases and quantity increases
C. The equilibrium price remains the same and quantity decreases
D. The equilibrium price increases and quantity remains the same
Correct Answer
A
Correct Option:
The equilibrium price increases and quantity decreases

About This Question

This is Post Utme Bsu 2021 Economics Question 32. It is one of the objective questions from the 2021 Post Utme Bsu Economics examination.

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