Post Utme Noun 2020 Economics Question 41

Practice objective / multiple choice question 41 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice
Question 41 POST_UTME_NOUN • 2020 • ECONOMICS • objective

A government imposes a tax on a firm's output. If the firm's supply curve shifts to the left, what will be the effect on the firm's output?

Answer Options

A. The firm's output will increase.
Correct Answer B. The firm's output will decrease.
C. The firm's output will remain unchanged.
D. The firm will exit the market.
Correct Answer
B
Correct Option:
The firm's output will decrease.

About This Question

This is Post Utme Noun 2020 Economics Question 41. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

View More Post Utme Noun 2020 Economics Questions More Post Utme Noun Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support