Post Utme Summit University 2019 Economics Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Summit University Economics examination.

Post Utme Summit University 2019 Economics Objective / Multiple Choice
Question 19 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ECONOMICS • objective

A government wants to increase its revenue from taxation. If the government imposes a tax on a firm's output, and the firm's supply curve shifts to the left by 15% due to the tax, what is the percentage change in the government's revenue?

Answer Options

A. -10%
B. -12%
Correct Answer C. -15%
D. -18%
Correct Answer
C
Correct Option:
-15%

About This Question

This is Post Utme Summit University 2019 Economics Question 19. It is one of the objective questions from the 2019 Post Utme Summit University Economics examination.

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