Post Utme Igbinedion University 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ECONOMICS • objective

A government imposes a tax on a particular good. What is the likely effect on the equilibrium price and quantity of the good?

Answer Options

Correct Answer A. Price increases, quantity decreases
B. Price decreases, quantity increases
C. Price increases, quantity increases
D. Price decreases, quantity decreases
Correct Answer
A
Correct Option:
Price increases, quantity decreases

About This Question

This is Post Utme Igbinedion University 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Igbinedion University Economics examination.

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