Post Utme Rsu 2017 Economics Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Rsu Economics examination.

Post Utme Rsu 2017 Economics Objective / Multiple Choice
Question 24 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 elastic, what will happen to the equilibrium price and quantity?

Answer Options

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

About This Question

This is Post Utme Rsu 2017 Economics Question 24. It is one of the objective questions from the 2017 Post Utme Rsu Economics examination.

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