Post Utme Unilorin 2022 Economics Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2022 Economics Objective / Multiple Choice
Question 19 POST_UTME_UNILORIN • 2022 • ECONOMICS • objective
Post Utme Unilorin 2022 Economics Question 19 diagram

A government imposes a tax on a good, which causes 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 remains the same and the equilibrium quantity decreases
D. The equilibrium price remains the same and the equilibrium quantity increases
Correct Answer
A
Correct Option:
The equilibrium price increases and the equilibrium quantity decreases

About This Question

This is Post Utme Unilorin 2022 Economics Question 19. It is one of the objective questions from the 2022 Post Utme Unilorin Economics examination.

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