Post Utme Ims U 2023 Economics Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Ims U Economics examination.

Post Utme Ims U 2023 Economics Objective / Multiple Choice

Question 14 POST_UTME_IMS_U • 2023 • ECONOMICS • objective

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

Correct Answer A. Price increases and quantity sold decreases

B. Price decreases and quantity sold increases

C. Price remains the same and quantity sold remains the same

D. Price increases and quantity sold increases

Correct Answer

Correct Option:

Price increases and quantity sold decreases

This is Post Utme Ims U 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Ims U Economics examination.

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