Post Utme Futa 2018 Economics Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Futa Economics examination.

Post Utme Futa 2018 Economics Objective / Multiple Choice
Question 7 POST_UTME_FUTA • 2018 • ECONOMICS • objective

A government imposes a tax on a particular good. What is the effect of this tax on the supply curve of the good?

Answer Options

Correct Answer A. The supply curve shifts to the left.
B. The supply curve shifts to the right.
C. The supply curve remains unchanged.
D. The supply curve becomes perfectly inelastic.
Correct Answer
A
Correct Option:
The supply curve shifts to the left.

About This Question

This is Post Utme Futa 2018 Economics Question 7. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.

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