Post Utme Eksu 2022 Economics Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Eksu Economics examination.

Post Utme Eksu 2022 Economics Objective / Multiple Choice

Question 34 POST_UTME_EKSU • 2022 • ECONOMICS • objective

A government is considering implementing a tax on a particular good to reduce its consumption. U\sing the concept of tax incidence, explain who bears the burden of the tax.

A. The consumer bears the burden of the tax.

B. The producer bears the burden of the tax.

Correct Answer C. Both the consumer and the producer bear the burden of the tax.

D. Neither the consumer nor the producer bears the burden of the tax.

Correct Answer

Correct Option:

Both the consumer and the producer bear the burden of the tax.

This is Post Utme Eksu 2022 Economics Question 34. It is one of the objective questions from the 2022 Post Utme Eksu Economics examination.

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