Post Utme Crawford University 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2017 Economics Objective / Multiple Choice
Question 32 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • 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 and price?

Answer Options

A. The firm will increase its output and lower its price.
B. The firm will decrease its output and lower its price.
C. The firm will increase its output and raise its price.
Correct Answer D. The firm will decrease its output and raise its price.
Correct Answer
D
Correct Option:
The firm will decrease its output and raise its price.

About This Question

This is Post Utme Crawford University 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Crawford University Economics examination.

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