Post Utme Joseph Ayo Babalola University 2019 Economics Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2019 Economics Objective / Multiple Choice
Question 22 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ECONOMICS • objective
Post Utme Joseph Ayo Babalola University 2019 Economics Question 22 diagram

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

Answer Options

A. The equilibrium price and quantity decrease
Correct Answer B. The equilibrium price increases and the quantity decreases
C. The equilibrium price and quantity increase
D. The equilibrium price decreases and the quantity increases
Correct Answer
B
Correct Option:
The equilibrium price increases and the quantity decreases

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Economics Question 22. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

View More Post Utme Joseph Ayo Babalola University 2019 Economics Questions More Post Utme Joseph Ayo Babalola University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support