Post Utme Ksu 2023 Economics Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Ksu Economics examination.

Post Utme Ksu 2023 Economics Objective / Multiple Choice
Question 11 POST_UTME_KSU • 2023 • ECONOMICS • objective

A government imposes a tax on a firm's profits. The firm's supply curve shifts to the left, resulting in a decrease in the quantity supplied. What is the effect on the firm's revenue?

Answer Options

A. The firm's revenue increases
Correct Answer B. The firm's revenue decreases
C. The firm's revenue remains unchanged
D. The firm's revenue increases, but at a decrea\sing rate
Correct Answer
B
Correct Option:
The firm's revenue decreases

About This Question

This is Post Utme Ksu 2023 Economics Question 11. It is one of the objective questions from the 2023 Post Utme Ksu Economics examination.

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