Post Utme Bsu 2025 Economics Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Bsu Economics examination.

Post Utme Bsu 2025 Economics Objective / Multiple Choice
Question 2 POST_UTME_BSU • 2025 • ECONOMICS • objective
Post Utme Bsu 2025 Economics Question 2 diagram

A government imposes a tax on a firm's output. The firm's supply curve shifts to the left. What is the effect of this tax on the firm's equilibrium price and quantity?

Answer Options

Correct Answer A. Price increases and quantity decreases
B. Price decreases and quantity increases
C. Price increases and quantity increases
D. Price decreases and quantity decreases
Correct Answer
A
Correct Option:
Price increases and quantity decreases

About This Question

This is Post Utme Bsu 2025 Economics Question 2. It is one of the objective questions from the 2025 Post Utme Bsu Economics examination.

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