Post Utme Redeemers University 2024 Economics Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2024 Economics Objective / Multiple Choice
Question 15 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 revenue?

Answer Options

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

About This Question

This is Post Utme Redeemers University 2024 Economics Question 15. It is one of the objective questions from the 2024 Post Utme Redeemers University Economics examination.

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