Post Utme Crawford University 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ECONOMICS • objective

A government imposes a tax on a firm's output. If the firm's supply curve shifts to the left by 10% and the demand curve remains unchanged, what is the new equilibrium price?

Answer Options

A. ₦100
Correct Answer B. ₦110
C. ₦120
D. ₦130
Correct Answer
B
Correct Option:
₦110

About This Question

This is Post Utme Crawford University 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Crawford University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support