Post Utme Pan Atlantic University 2022 Economics Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2022 Economics Objective / Multiple Choice
Question 17 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • ECONOMICS • objective

A government imposes a tax on a good, cau\sing the supply curve to shift to the left. What will happen to the equilibrium price and quantity?

Answer Options

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

About This Question

This is Post Utme Pan Atlantic University 2022 Economics Question 17. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Economics examination.

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