Post Utme Unilag 2025 Economics Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Unilag Economics examination.

Post Utme Unilag 2025 Economics Objective / Multiple Choice
Question 3 POST_UTME_UNILAG • 2025 • ECONOMICS • objective
Post Utme Unilag 2025 Economics Question 3 diagram

A government imposes a tax on a good, cau\sing the supply curve to shift to the left. What is the effect on the equilibrium price and quantity of the good?

Answer Options

Correct Answer A. The equilibrium price increases and the equilibrium quantity decreases.
B. The equilibrium price decreases and the equilibrium quantity increases.
C. The equilibrium price increases and the equilibrium quantity increases.
D. The equilibrium price decreases and the equilibrium quantity decreases.
Correct Answer
A
Correct Option:
The equilibrium price increases and the equilibrium quantity decreases.

About This Question

This is Post Utme Unilag 2025 Economics Question 3. It is one of the objective questions from the 2025 Post Utme Unilag Economics examination.

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