Post Utme Uniben 2019 Economics Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Uniben Economics examination.

Post Utme Uniben 2019 Economics Objective / Multiple Choice
Question 6 POST_UTME_UNIBEN • 2019 • ECONOMICS • objective

A government imposes a tax on imports to raise revenue. If the tax is increased, what will happen to the equilibrium price and quantity of the imported good?

Answer Options

Correct Answer A. The equilibrium price will increase, and the quantity will decrease.
B. The equilibrium price will decrease, and the quantity will increase.
C. The equilibrium price will remain the same, and the quantity will decrease.
D. The equilibrium price will increase, and the quantity will increase.
Correct Answer
A
Correct Option:
The equilibrium price will increase, and the quantity will decrease.

About This Question

This is Post Utme Uniben 2019 Economics Question 6. It is one of the objective questions from the 2019 Post Utme Uniben Economics examination.

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