Post Utme Lautech 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Lautech Economics examination.

Post Utme Lautech 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_LAUTECH • 2023 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's supply curve shifts from S1 to S2. What is the effect of the tax on the firm's output?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No change
D. Indeterminate
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Lautech 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Lautech Economics examination.

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