Post Utme Lasu 2017 Economics Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Lasu Economics examination.

Post Utme Lasu 2017 Economics Objective / Multiple Choice

Question 16 POST_UTME_LASU • 2017 • ECONOMICS • objective

A government is considering a tax on a particular good. If the tax is implemented, what will be the effect on the supply of the good?

A. The supply of the good will increase.

Correct Answer B. The supply of the good will decrease.

C. The supply of the good will remain unchanged.

D. The supply of the good will increase at a decrea\sing rate.

Correct Answer

Correct Option:

The supply of the good will decrease.

This is Post Utme Lasu 2017 Economics Question 16. It is one of the objective questions from the 2017 Post Utme Lasu Economics examination.

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