Post Utme Rsu 2020 Economics Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Rsu Economics examination.

Post Utme Rsu 2020 Economics Objective / Multiple Choice
Question 34 POST_UTME_RSU • 2020 • ECONOMICS • objective

A government imposes a tax on a good, which causes the supply curve to shift to the left. What is the effect on the equilibrium price and quantity?

Answer Options

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

About This Question

This is Post Utme Rsu 2020 Economics Question 34. It is one of the objective questions from the 2020 Post Utme Rsu Economics examination.

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