Post Utme Covenant University 2021 Economics Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2021 Economics Objective / Multiple Choice
Question 12 POST_UTME_COVENANT_UNIVERSITY • 2021 • ECONOMICS • objective

A government imposes a tax on a good that is perfectly inelastic. What will be the effect on the supply curve?

Answer Options

A. The supply curve will shift to the left.
B. The supply curve will shift to the right.
C. The supply curve will remain unchanged.
Correct Answer D. The supply curve will shift upwards.
Correct Answer
D
Correct Option:
The supply curve will shift upwards.

About This Question

This is Post Utme Covenant University 2021 Economics Question 12. It is one of the objective questions from the 2021 Post Utme Covenant University Economics examination.

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