Post Utme Eksu 2023 Economics Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Eksu Economics examination.

Post Utme Eksu 2023 Economics Objective / Multiple Choice

Question 3 POST_UTME_EKSU • 2023 • ECONOMICS • objective

A government imposes a tax on a particular good to reduce its consumption. Which of the following would be a consequence of this action?

Correct Answer A. An increase in the price of the good

B. A decrease in the price of the good

C. No change in the price of the good

D. A decrease in the quantity demanded of the good

Correct Answer

Correct Option:

An increase in the price of the good

This is Post Utme Eksu 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Eksu Economics examination.

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