Post Utme Caleb University 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2023 Economics Objective / Multiple Choice

Question 7 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 will be the effect on the firm's output?

Answer Options

A. The firm's output will increase.

Correct Answer B. The firm's output will decrease.

C. The firm's output will remain unchanged.

D. The firm will exit the market.

Correct Answer

Correct Option:

The firm's output will decrease.

About This Question

This is Post Utme Caleb University 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Caleb University Economics examination.

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