Post Utme Uniosun 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2024 Economics Objective / Multiple Choice
Question 12 POST_UTME_UNIOSUN • 2024 • ECONOMICS • objective

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?

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 Uniosun 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Uniosun Economics examination.

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