Post Utme Ims U 2019 Economics Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Ims U Economics examination.

Post Utme Ims U 2019 Economics Objective / Multiple Choice
Question 29 POST_UTME_IMS_U • 2019 • ECONOMICS • objective

A government imposes a tax on a firm's output. If the firm's supply curve is upward-sloping, what is the effect of the tax on the firm's supply curve?

Answer Options

Correct Answer A. The supply curve shifts to the left.
B. The supply curve shifts to the right.
C. The supply curve becomes perfectly elastic.
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 Ims U 2019 Economics Question 29. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.

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