Post Utme Oau 2025 Economics Question 26
Practice objective / multiple choice question 26 from the 2025 Post Utme Oau Economics examination.
Consider a country with a mixed economy, where the government intervenes in the market to correct market failures. The government imposes a tax on a particular good to reduce its consumption. However, the tax revenue is not used to reduce the price of the good. Instead, it is used to fund a different public project. What is the effect of this tax on the equilibrium price and quantity of the good in the market?
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About This Question
This is Post Utme Oau 2025 Economics Question 26. It is one of the objective questions from the 2025 Post Utme Oau Economics examination.
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