Post Utme Coal City University 2021 Economics Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2021 Economics Objective / Multiple Choice
Question 2 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • 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 equilibrium price and quantity of the good?

Answer Options

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

About This Question

This is Post Utme Coal City University 2021 Economics Question 2. It is one of the objective questions from the 2021 Post Utme Coal City University Economics examination.

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