Post Utme Greenfield University 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2019 Economics Objective / Multiple Choice
Question 8 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • ECONOMICS • objective

A government imposes a tax on a firm's output, which increases the firm's \cost of production. The firm's supply curve shifts to the left, resulting in a decrease in the quantity supplied. What is the effect of this tax on the firm's revenue?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Indeterminate
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Greenfield University 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Greenfield University Economics examination.

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