Post Utme Rsu 2017 Economics Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Rsu Economics examination.

Post Utme Rsu 2017 Economics Objective / Multiple Choice
Question 22 POST_UTME_RSU • 2017 • ECONOMICS • objective

A country's government imposes a tax on a particular good, cau\sing the supply curve to shift to the left. If the demand curve is inelastic, 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 Rsu 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Rsu Economics examination.

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