Post Utme Eksu 2019 Economics Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Eksu Economics examination.

Post Utme Eksu 2019 Economics Objective / Multiple Choice
Question 29 POST_UTME_EKSU • 2019 • ECONOMICS • objective
Post Utme Eksu 2019 Economics Question 29 diagram

A government imposes a tax on a firm's output. The firm's supply curve shifts from S1 to S2. What is the effect on the equilibrium price and quantity?

Answer Options

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

About This Question

This is Post Utme Eksu 2019 Economics Question 29. It is one of the objective questions from the 2019 Post Utme Eksu Economics examination.

View More Post Utme Eksu 2019 Economics Questions More Post Utme Eksu Practice Questions Back to Questions

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