Post Utme Lautech 2018 Economics Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Lautech Economics examination.

Post Utme Lautech 2018 Economics Objective / Multiple Choice

Question 14 POST_UTME_LAUTECH • 2018 • ECONOMICS • objective

A government imposes a tax on a particular good. What is the likely effect on the supply of that good?

Answer Options

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 fluctuate randomly.

Correct Answer

Correct Option:

The supply of the good will decrease.

About This Question

This is Post Utme Lautech 2018 Economics Question 14. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.

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