Post Utme Coal City University 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2021 Economics Objective / Multiple Choice
Question 18 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • ECONOMICS • objective

A government imposes a tax on a particular 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 the equilibrium quantity decreases
B. The equilibrium price decreases and the equilibrium quantity increases
C. The equilibrium price remains unchanged and the equilibrium quantity decreases
D. The equilibrium price increases and the equilibrium quantity remains unchanged
Correct Answer
A
Correct Option:
The equilibrium price increases and the equilibrium quantity decreases

About This Question

This is Post Utme Coal City University 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Coal City University Economics examination.

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