Post Utme Esut 2022 Economics Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Esut Economics examination.

Post Utme Esut 2022 Economics Objective / Multiple Choice
Question 33 POST_UTME_ESUT • 2022 • ECONOMICS • objective
Post Utme Esut 2022 Economics Question 33 diagram

A government imposes a tax on a good, cau\sing the supply curve to shift to the left. What is the effect on the equilibrium price and quantity of the good?

Answer Options

Correct Answer A. The equilibrium price increases and the equilibrium quantity decreases
B. The equilibrium price decreases and the equilibrium quantity increases
C. The equilibrium price increases and the equilibrium quantity increases
D. The equilibrium price decreases and the equilibrium quantity decreases
Correct Answer
A
Correct Option:
The equilibrium price increases and the equilibrium quantity decreases

About This Question

This is Post Utme Esut 2022 Economics Question 33. It is one of the objective questions from the 2022 Post Utme Esut Economics examination.

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