Post Utme Summit University 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Summit University Economics examination.

Post Utme Summit University 2021 Economics Objective / Multiple Choice
Question 22 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ECONOMICS • objective

A country's government imposes a tax on a particular good, cau\sing 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, 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 Summit University 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Summit University Economics examination.

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