Post Utme Crawford University 2022 Economics Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2022 Economics Objective / Multiple Choice
Question 12 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's supply curve shifts to the left. What is the effect on the equilibrium price and quantity?

Answer Options

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

About This Question

This is Post Utme Crawford University 2022 Economics Question 12. It is one of the objective questions from the 2022 Post Utme Crawford University Economics examination.

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