Post Utme Unilorin 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_UNILORIN • 2018 • ECONOMICS • objective
Post Utme Unilorin 2018 Economics Question 12 diagram

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 of the good?

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 Unilorin 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Unilorin Economics examination.

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