Post Utme Noun 2017 Economics Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Noun Economics examination.

Post Utme Noun 2017 Economics Objective / Multiple Choice
Question 2 POST_UTME_NOUN • 2017 • ECONOMICS • objective

A government imposes a tax on a firm's output. If the firm's supply curve shifts to the left, what happens to the equilibrium price and quantity?

Answer Options

Correct Answer A. Price increases and quantity decreases
B. Price decreases and quantity increases
C. Price increases and quantity increases
D. Price decreases and quantity decreases
Correct Answer
A
Correct Option:
Price increases and quantity decreases

About This Question

This is Post Utme Noun 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Noun Economics examination.

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