Post Utme Caleb University 2023 Economics Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2023 Economics Objective / Multiple Choice

Question 34 POST_UTME_CALEB_UNIVERSITY • 2023 • ECONOMICS • objective

A government imposes a tax on a firm's output. If the firm's supply curve shifts to the left, what is the effect on the firm's supply curve?

Answer Options

A. The supply curve shifts to the right.

Correct Answer B. The supply curve shifts to the left.

C. The supply curve becomes perfectly inelastic.

D. The supply curve becomes perfectly elastic.

Correct Answer

Correct Option:

The supply curve shifts to the left.

About This Question

This is Post Utme Caleb University 2023 Economics Question 34. It is one of the objective questions from the 2023 Post Utme Caleb University Economics examination.

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