Post Utme Mountain Top University 2025 Economics Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2025 Economics Objective / Multiple Choice
Question 8 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ECONOMICS • objective

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

Answer Options

Correct Answer A. Output decreases and price increases
B. Output increases and price decreases
C. Output remains the same and price increases
D. Output decreases and price decreases
Correct Answer
A
Correct Option:
Output decreases and price increases

About This Question

This is Post Utme Mountain Top University 2025 Economics Question 8. It is one of the objective questions from the 2025 Post Utme Mountain Top University Economics examination.

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