Post Utme Coal City University 2017 Economics Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2017 Economics Objective / Multiple Choice

Question 13 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

A government imposes a tax on a particular good. Which of the following is a consequence of this tax?

Answer Options

A. The tax revenue is used to finance government exp\enditure.

Correct Answer B. The tax reduces the supply of the good.

C. The tax increases the demand for the good.

D. The tax has no effect on the market equilibrium.

Correct Answer

Correct Option:

The tax reduces the supply of the good.

About This Question

This is Post Utme Coal City University 2017 Economics Question 13. It is one of the objective questions from the 2017 Post Utme Coal City University Economics examination.

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