Post Utme Redeemers University 2024 Economics Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2024 Economics Objective / Multiple Choice
Question 13 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • 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 quantity?

Answer Options

A. The quantity increases.
Correct Answer B. The quantity decreases.
C. The quantity remains unchanged.
D. The quantity increases or decreases dep\ending on the elasticity of demand.
Correct Answer
B
Correct Option:
The quantity decreases.

About This Question

This is Post Utme Redeemers University 2024 Economics Question 13. It is one of the objective questions from the 2024 Post Utme Redeemers University Economics examination.

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