Post Utme Futo 2024 Economics Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Futo Economics examination.

Post Utme Futo 2024 Economics Objective / Multiple Choice

Question 33 POST_UTME_FUTO • 2024 • ECONOMICS • objective

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

Correct Answer A. Price increases, quantity decreases

B. Price decreases, quantity increases

C. Price increases, quantity increases

D. Price decreases, quantity decreases

Correct Answer

Correct Option:

Price increases, quantity decreases

This is Post Utme Futo 2024 Economics Question 33. It is one of the objective questions from the 2024 Post Utme Futo Economics examination.

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