Post Utme Lead City University 2025 Economics Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2025 Economics Objective / Multiple Choice

Question 19 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ECONOMICS • objective

A government imposes a tax on a firm's output, which causes the firm's supply curve to shift to the left. What is the effect on the firm's profit-maximizing output and price?

Answer Options

A. Output increases, price decreases

Correct Answer B. Output decreases, price increases

C. Output increases, price increases

D. Output decreases, price decreases

Correct Answer

Correct Option:

Output decreases, price increases

About This Question

This is Post Utme Lead City University 2025 Economics Question 19. It is one of the objective questions from the 2025 Post Utme Lead City University Economics examination.

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